Is the Fed Really Controlling the Economy?

Bitcoin was created out of the financial crisis in 08 and you might not have cared about it unless you had faced a currency collapse. If you hadn't have watched what happened in March of 2020, would you be sitting here talking about Bitcoin? Would you have 130,000 on your balance sheet? If that had never happened, would you have noticed it? No. And that's why it usually doesn't move much and it can still move markets. Like you said, we used to believe that the Fed had some control over the economy. Now it's not obvious that they have any control or that what they do helps the economy.