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Re: jimmybob post# 300677

Wednesday, 08/17/2016 8:30:22 AM

Wednesday, August 17, 2016 8:30:22 AM

Post# of 363975
When did we let this happen? The "Fed" dominates headlines and triggers algorithmic movements in markets to structure favorable terms for interests who place their ex-employees at the head of the institution. The song and dance is self-served, as they put lipstick on a pig and hide it with dot plots.
It is not, nor has it ever been their mandate to set rates, the Federal Reserve is not a "federal" institution, nor is it a bank (no "reserve" as they have zero vaults or coffers).
Frustrating...probably should have deleted this post. Rant over

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