It bothers me how sensitive asset prices are right now to rate cut decisions

It's more power than a single committee (or msig) should have over the economy, and in the long run it's also unsustainable

So I worry we're just kicking the can down the road without any clear plan on how to fix this

I know it’s completely illogical, but sometimes I wonder what would a world be like if the economy either completely shifted.  

Credit was erased,  debt erased,  monetary shifts to something like crypto. 

If we know that we’re in a world where Powell can literally affect the entire economic world,  then like you said,  it’s not sustainable.

But we’re in a world where this situation has been likely decades in the making.  No fix occurs that can erase decades of greed.  

Even the fixes of crypto have a tinge of greed as well. But inclusivity to help ease the feeling of flying off an economic cliff feels like communism, what do we do?

I know this isn’t a solution, but maybe identifying each issue could eventually get the solution needed.