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by pkoiralap 299 days ago
My take on fed's unaccountable power is you can't and shouldn't do anything about it and keep it that way. Because if the fed does do a good job, the economy keeps floating just fine. On the contrary, if it doesn't, its just chaos and catastrophe, that benefits no one, including the fed. So in essence, the job is to prevent disaster. Personally, I think it is a super shitty job.

Normal (voting) person is oblivious to both what the fed does and what will happen if the fed doesn't do it. All that a normal (voting) people care about, are numbers on price tags, and the fact that those numbers aren't as low as they used to be.