The papers are produced by individuals within the Federal Reserve, so I know there are individuals in the organisation who is aware, but the way the Federal Reserve acts and the public statements it makes, as group it looks like it isn't aware. Maybe it's kind of like how a PR person working in the cigarette industry thinks smoking is horrible to people's health, but hangs his or her morals at the door when he or she arrives at work.
The papers are produced by individuals within the Federal Reserve, so I know there are individuals in the organisation who is aware, but the way the Federal Reserve acts and the public statements it makes, as group it looks like it isn't aware. Maybe it's kind of like how a PR person working in the cigarette industry thinks smoking is horrible to people's health, but hangs his or her morals at the door when he or she arrives at work.