The Fed unleashed trillions in liquidity, PPP was pushed out, and the vaccine was on the horizon. Did we need bravado from the Fed Chair? What was the point of declaring an absolute position? Then, he did it again just a few months ago.

The transitory timeline also really annoys me. Powell was slow to acknowledge reality, and extremely slow to start QT.

I'm failing to see the justification for giving him another term. He's not Burns bad, and he isn't Volcker great. He is also below Greenspan and Bernanke (who I also have issues with).

I'm starting to believe that we need to overhaul monetary policy. We place too much emphasis on the Fed's every move and statement. It reeks of central planning, and we need to devise a better system. Maybe embrace AI and let an algorithm set interest rates. Friedman proposed it decades ago, so the idea was been around for a long time (under less advanced technology).