If the Fed weren't flying blind, it wouldn't be powerful. Are the operators of nuclear power plants powerful people? No. They are technicians. They could blow the plant up, but won't. They are constrained by a system they understand pretty well and have every incentive to implement correctly.
Excellent insights in this post re Powell and Stablecoins.
Good luck in Wisconsin this fall. That's an awesome event.
If the Fed weren't flying blind, it wouldn't be powerful. Are the operators of nuclear power plants powerful people? No. They are technicians. They could blow the plant up, but won't. They are constrained by a system they understand pretty well and have every incentive to implement correctly.