The fed should control rates independently of the stock market,...

The fed should control rates independently of the stock market, property market or any other individual market and should look at the macro economics. The moment they reversed into dovish stance because the stock market dropped 10% is the moment they failed at their job. They can't resist and they've lost touch. They're trying to control the mess they've created which is just snowballing. They will have a trick here and there (smoke & mirrors) to hide the truth but it's a matter of when. Everyone knows it