i don’t expect the fed to fix everyone’s problems… let them hire the best of the best, and let us internalize the benefits… i’m sure i don’t fully understand the significance of this, but from where i sit, in my fancy office chair in front of a very fancy home office setup (not to brag ;P), i see absolutely no compelling reason as to why hiring the best is a bad thing. is the accusation that the FED is trying to lowball american economists? somehow i am dubious, but am beyond open to being wrong.