This is an opinion column.

Book Recommendation: 1929 by Andrew Ross Sorkin takes you through the details of why and how the stock market crash of 1929 occurred. Spoiler – it wasn’t Hoover and it wasn’t tariffs. The Fed plays heavily in the opening chapters… (source: 1929)

Chairman Moe, err, I mean, Powell of the Fed recently said that you should slow down when driving in a fog, implying the Fed should slow down in lowering interest rates, but the only person in a fog is Powell.

Apparently, he can’t steer the Fed without the highly inaccurate and notoriously unreliable government economic data. Never mind there is plenty of private sector data available that is far more accurate, but hey, Powell’s attitude seems to be – why look at that?

Likewise, a Fed governor recently spoke publicly

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