TJParker -- WHOA THERE FELLOW! As you should be well aware if you've bothered to read the header of this thread, reasoned, logical posts are strongly frowned upon around here. Sure, Zeev can get away with them, but he's Zeev.
JUST WHO THE HECK DO YOU THINK YOU ARE, MISTER?! {g}
I respect your point about moving markets, but isn't the Fed chairman's role to create a long-term sustainable equilibrium in the economy, not be worried about short-term fluctuations? If the Fed isn't 'above the fray' of the markets, then where are they adding value by existing?