No, there are certainly times where the media reporting is “top-down”. This latest recession has produced some strange reporting around justifying raising fed

No, there are certainly times where the media reporting is “top-down”. This latest recession has produced some strange reporting around justifying raising fed rates to cause unemployment to reduce inflation, for example. A more historical example would be on the early days of the 2nd Gulf War and the war drums beating for Iran perhaps a year later (that never materialized into a war)