Well, there is The President's Working Group for the financial markets ... and it is nicknamed the "Plunge Protection Team," so it does exist. Like you, however, I do not believe that they actively engage the markets as many seem think, however. Even if they do under extreme conditions, there certainly was no need for any such "plunge protection" on this pullback.
This past week was DB and Prudential starting Shadow Banking crisis, now today all of sudden Powell says what everyone already knew that they would step in if melt-down, it's extreme optimism buying, Treasuries getting destroyed and it's not the Fed trading desk ? From Australia to India their CB are very active players in the markets, every country CB participates in Markets... But the biggest economy in the world doesn't ? Amateur hour to the fullest by you and the other clown... The Feds mandate is the Stock Market, not the economy, how can it not constantly interfere ?
You so funny lol ... PPT coming in to buy on a 1/3 pullback ... do you realize there are institutions that were waiting for yesterday's chance to add to positions? Of course not - you think all buying is the "plunge protection team" rotflmao