Between the abrupt resignation of Richmond Federal Reserve Bank President Lacker and the release of FOMC minutes which roiled the markets, lot's of people are upset with the institution. With that in mind, Jim Cramer asked a panel of experts gathered for this month's Trading Strategies session whether and how the Trump administration should move to curb the Fed. Peter Tchir, an expert on Fixed Income and lead columnist for Income Seeker on Real Money Pro, noted that many in Congress want to reform the Fed so that its actions follow set rules. "This really starts opening the door for a rules based type policy where Congress takes much more control of what goes on at the Fed. And I think that would provide a lot more clarity," Tchir said.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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