The Fed should be stopped altogether. It should not exist. Its purpose is literally to intentionally make money worth less, through inflation, to try to discourage saving. They exist to scare you into spending. Their entire strategy is "spend your money today, because we'll inflate it and make it worth less tomorrow!" Since the Fed was created the dollar has lost something like 90% of its buying power. It must be ended. The experiment in central banking has been a clear abysmal failure. Their fiat money makes everyone's savings worth less by the day, all while essentially printing money to fund the government's continued expansion of power and corruption and bureaucracy. End the Fed.