Say It Repeatedly, The Fed Isn't Nor Can It Be ‘Independent'
1. The Fed lacks real independence, influenced by political appointments. 2. Market actors historically provide liquidity better than the Fed. 3. Central bank functions have been undermined by the Fed's political design. 4. Economists at the Fed may misinterpret economic growth and inflation dynamics. 5. The Fed's actions may distort market signals essential for proper functioning.