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Yes, the Fed manages the US economy, and that’s been its job for over a century. Maybe read about Volker and the 1982 recession. Whether they do a good job or
by skybrian 4y ago
Yes, the Fed manages the US economy, and that’s been its job for over a century. Maybe read about Volker and the 1982 recession.
Whether they do a good job or not and what they should do instead is often debated by economists.
And yep, economies aren’t self-managing. Before that there were frequent financial panics.