I don’t think the market needs any help from congress. What is your point? I don’t want congress or the fed meddling with the markets.
If you believe in capitalism you wouldn’t either.
However, giving that power to a secretive organization that barely has to answer to anybody is ridiculously stupid. Far worse than the congress being in charge of it.
“I don’t think the market needs any help from congress. What is your point?”
Then you misunderstand free market capitalism. It requires laws that protect the rights of property and tort law to enable trust in commerce. So, yes, it does need a limited amount of ‘help’.
Money and banking is also a matter of trust. Ideally, money should be a stable and consistent measure of value. A central bank is not required for this to happen, but it can be an enabler.
” I don’t want congress or the fed meddling with the markets.”
The Federal reserve policy should be stable value of money. Nothing more.
‘Meddling’ to support that goal is ok, meddling to try to micro-manage economic cycles or bail out institutions - not ok.