Many economists point out that the Fed's policies serve the 1% above all.
Heck you can get a Nobel Prize based on your Fed chairmanship, then tank the economy.
One pundit observes that the Fed is an example of "burn the village to save the village" as (rarely) an underemployed firefighter-turned-arsonist will do. Extreme perspective for sure.
In the era of Big Data, can't real-time data and policy co-exist?