This chart alone should tell you how much impact the Federal Reserve has on the overall economy. The Fed can obviously influence bankers but they have a little trickle-down effect on the overall economy. Housing market bubbles yes but business growth and jobs no.
Is the economy 27x stronger than it was in 1971? Or is this a Ponzi scheme spending and debt policy that have simply propped up markets artificially. Is the value created over the last 40 years at risk to collapse?
Historical US Unemployment Rate
Duration of Unemployment
The labor participation rate is collapsing.