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Message: [QUOTE="JohnFSilver, post: 3776627, member: 1618"] Fed is first there to control inflation. Greenspan tried to deflate the irrational exuberance of 2000 tech with raising interest rates. Fed can use monetary policy to spur economic growth out of a recession , and that is the dominant theory these days and what is going on. But, they should be unconcerned with the market if it is functioning correctly. Right now, the market is on a fed sugar high. That is a consequence of fiscal stimulus, but propping up the market wasn’t the goal of the stimulus. [/QUOTE]