A primary reason the Federal Reserve is in this mess is a long history of worrying about markets more than people.

After more than 12-years of the most unprecedented monetary policy program in U.S. history, the Fed realizes there are significant risks in the financial system. The behavioral biases of individuals remain the most serious risk facing the Fed. 

The Fed’s actions have repeatedly led to adverse outcomes throughout history despite the best of intentions.

Perhaps putting the investor elites ahead of everyone else is not such a great policy? Just a thought….