The Fed needs to radically change policy and start printing money

Here's part of one comment to this article by marketwatch

"Articles like this give you a very good idea of where we are. The so called market gurus now calling for more money to be printed out of thin air. Scary. But when did the Fed's official charter change to propping up the stock market? That is a question no one seems to be asking or maybe now it is just an unspoken truth

The fact is the markets now make Fed policy . At the least they try to dictate policy .

If their view doesn't come to fruition you can guarantee a market tantrum

Where should the freshly printed money go, Mr. Ricchiuto?

Should that money be loaned to banks that will simply put it into the highest yielding investments that will only benefit them? That has been the case for the last TEN YEARS and look where it got us! No inflation and no wage increases!

I really want to know!!! If you are going to devalue our currency and once again STEAL the savings of the people where do you suggest that wealth be transferred to??? If I were directing Social Security, suggestions like this would infuriate me. Bond yields have not kept up enough to make up for the literal QUADRUPLING of the Money Supply we have already seen! And you want to do more?! Forget SS running out of money in 2034. If the FED prints like it did in the last 10 years SS will be done by 2023!

Where do these 'economists' study supply and demand?

Fed needs to drop interest rate to zero right away in one shot.

My reasons :

1. Businessmen know that better the party lower the interest rate. In old days the word prime rate came into picture ( when banks charged interest rate in range of 6 to 8 %. But for prime businesses, they offered prime rate which would be hald a percent lower).
Now which country in the world has a better economy than US? None. Which country in the world has lower unemployment rate than US? None. We have never defaulted on our debt.
Then the question is why are offering treasury bonds which pays higher interest rate than the countries which are rated not as good? Our budget deficit is about 600 billion dollars a year right now.

2. If our interest rate is zero, buyers of our bond are still going to buy our bonds because they are the safest.
Is Japan going buy Indian or turkish bonds because they pay higher interest rate? I do not think so.

3. Zero interest rate will really be a big help to make our exports boom because USD will be cheaper. At the same time countries exporting to US has less intensive so our imports will decrease. It should help to reduce our trade deficit in a big way.

4. Businesses have more reasons to expand businesses and hire more people at a better wage.

5. Forget about wage inflation. If you give additional 10 to 20 thousand to a family making 50,000 a year, what do you think they are going to do. They will spend the extra income and may be even borrow more money on their credit card and spend that too. In other words, all the extra money you give to people at the bottom in terms of better wages, will come into economy next day boosting the economy and giving businesses to expand more.

6. When workers and businesses are making more money, of course, tax revenue will increase and reduce the budget deficit and government will need to borrow less.

This is a fine article and at last one recognizing the deflationary forces which have been unleashed. Analysis of the causes is required to assess the strength of these forces and urgently. It is not only a monetary force but surely the impacts of the US administration on world markets through tariffs, staccato tariffs, threats, sanctions and an environment of not doing deals but using your muscle to try to bully other countries into submission.

I agree with your 5th paragraph. If you want quick economy boost... you should start at the bottom.
Every house is built from the bottom up.

If Japan could have found a way out of it they would have done it long ago.