The Unaccountable Federal Reserve - Or The Art Of Kicking The Can Down The Road

                                          The federal reserve insists inflation is contained. But by what measurements? Medical costs are not contained. Medical insurance is expensive and beyond the reach of untold numbers of middle class people. Millions of people live one small step away from financial ruin if they have a medical crisis in their lives.
                                         If these people are so good at managing the economy, why did they not avoid the 2008 financial crisis? What other events will they miss? What negative events are their actions creating? What will be the consequence of keeping interest rates artificially low for so long? Now some are talking about going negative on interest rates, as some European countries have done.
                                          If in the end all they have done is create enormous bubbles in the stock and housing markets, and the whole thing comes crashing down again, there will be no tool at their disposal by which to respond. And if all they have done is punish savers, reward speculators, artificially inflate the stock and housing markets, will a single person be held accountable for when the whole thing unwinds?