Bill Fleckenstein on how the Fed has lost control

By pursuing the policies that we did - I'm speaking mainly from the monetary standpoint - there was a massive amount of behavior modification, in corporate American, ... government.  No government worries about budget deficits or solving problems.  They just kick the can because, why not?  Well now were going to come to the moment in time where... the interest expense of the U.S. government is going to be up a bunch... I don't think people have really gotten their heads around the fact that the Fed is not in control.

~ Bill Fleckenstein, Wealthion interview, 42:25 mark, April 28, 2022