Please note that I am well aware the the United States Federal Reserve meets ca. eight times a year to vote whether to raise, lower, or not change the Fed Funds Target Rate which directly influences and effectively sets the United States Prime Interest Rate. So, please do not tell me that the Federal Reserve has no general jurisdiction over the rates of CD's and other savings instruments. Please note that I am not ignorant and to portray the United States Federal Reserve as having no jurisdiction over interest is patently false and mis-leading.
Furthermore, the United States Federal Reserve is charged with managing the nations money supply. It does this by issuing the nations currency which is bought from the BEP. So, again I am not ignorant, and am as you are well aware of how the Federal Reserve works in regards to the supply of money in the United States.
The current Federal Reserve monetary policy is one of issuing excessive notes (currency) to bail out the failed financial institutions on wall street, and to create phony liquidity in the financial system. This policy has driven the stock market up over 50% from its March lows of this year and fueled stocks and lowered and almost devalued the United States dollar in order to prop up the failed financial system.
This policy is wrong and will create more problems than before.