With friends like the Federal Reserve, who needs enemies:
The current squabble over what interest rates should be is just another example of central planning failure. And the effects of that failure are predictable: the little guys (workers) get roughed up, and the political proponents of central planning blame unrelated “causes.”
Why do we have a central bank with essentially one person deciding interest rates for a giant economy? The price of money should be governed by a free market, not a socialist style agency that has no accountability to consumers.
Free markets always work better than controlled markets.
Shed the Fed.