The Federal Reserve is helpless to try to improve the economy in an overall way. They can barely help equity dealers. WSJ did an editorial this morning about the Fed’s helplessness. The article also mentioned the threat of contrived inflation, and how the middle class, what is left of it, would get the short end of the stick. No surprise ! Surely, the Fed can figure out “trickle-down” is faulty policy; the American consumer age is passing; and the Federal Reserve can only marginally assist our debt and fiscal dilemma in an efficacious way. This should be a humbling experience for the Fed.