You Need To Know The Fed ISN’T Important. Here’s Why 1
Asking the question almost feels sacrilegious, given how everyone is taught that the central bank sits in the middle of modern finance, and that nothing happens in markets without their sanction.
On top of this, the vast majority of financial folk believe what they were taught, which makes questioning the central bank-centric model a lot more difficult.
But, do central banks actually control interest rates?