The Fed is guided, err mandated, to focus on stable prices and full employment. Stable inflation of prices is 0%. 2% or 5% is not stable. Having a group of pri

The Fed is guided, err mandated, to focus on stable prices and full employment. Stable inflation of prices is 0%. 2% or 5% is not stable. Having a group of private company PhDs (the Fed is not government just a contractor to government) attempt to set the price of money at 2+% seems unlikely and not a free market. Maybe they can also set price of rice and internet service.