I have two theories 1. Economic uncertainty causes stress. The economic system is complex beyond comprehension so folks reify their anxiety onto the physical m

I have two theories 1. Economic uncertainty causes stress. The economic system is complex beyond comprehension so folks reify their anxiety onto the physical manifestation of the economy - money. Thus the money supply, and by extension the Fed, become a synecdoche of a much larger system. 2. The Fed is a scapegoat for fiscal policy. Politicians and special interests peddle Fed conspiracies because it distracts from Congress’ dereliction of duty to make fiscal policy. Taxing and spending are powerful levers that many politicians are loathe to use. This is why the Fed Chair doesn’t even have to be an economist anymore. They are just a whipping boy for the public