Nobody can take Fed too seriously: they had every opportunity to increase rates more, & also increase between meetings. Essentially world still has negative interest rates, as inflation pretty much everywhere is higher than rates. They also could increase margin requirements for stocks, which would both stop much stupid speculation, & also help reduce intermediate & long-term inflation expectations. And don't forget their irresponsible 7 Trillion dollar balance sheet. They could have increased QT over the past 6+ months, which even a small increase of not rolling-over holdings, would send a strong message to markets. The Fed remains in a drunken stupor, and the world continues to suffer. Inflation not only causes prices higher than they would have been, but creates & supports zombie corporations, and yes, zombie jobs. SBF, much of crypto world, including NFTs, & even Meta spending multi-billions on a at least for now, fantasy, all likely would not have come into existence without Fed's money printing for the past decade. The Fed members all talk tough, but little action in the real world. which is why Wall Street is so convinced they will fold in the end.
Traders like Fed because it provides lots and lots of trading opportunities. OP hates Fed because he looks at it from the problematic viewpoint, not opportunistic viewpoint. Traders don't complain about what Fed does. Investors complain and complain and complain about what Fed does/doesn't do. In this forum, there are thousands of threads about investors complaining about the Fed. eg Fed is out in full force touting inflation ( again )
I totally agree... people separate their political morals from their financial well-being to a different degree. Everyone has their own compass.
Not sure, perhaps without the Fed the markets would be more volatile more of time. There would be more downside volatility. Without the Fed put. Fed is great for long only traders and investors, no doubt about that.
4 QEs with 4 big stock rallies into a stock market with a high market cap to GDP ratio that is still high historically I would be very uncomfortable as a long term (multi-year) buy and holder right now
You have no idea how the Fed and the economy works. Many years of day traders posting absolute shit on here about the Fed. Markets don't exist to support your trades. The Fed doesn't exist to damage the economy. A lot of your posted ideas here are just complete crap.
Actually, I think right now they are trying to do exactly this. Many people are saying the Fed needs to crash the economy in order to bring demand down so they can get inflation under control. From what I read, interest rates in the past always had to go higher than than inflation, and this means that interest rates would need to still double from here. That is clearly unthinkable right now given the huge debt levels compared to the 80's, so I think it makes total sense that the Fed is hoping that enough of the economy starts to suffer soon along with a bunch of layoffs to get people to stop spending money so the inflation comes back down.