The other thing that makes these Fed press conferences so stupid is that no one is allowed to reveal the man behind the curtain. The stability of a currency depends in large part upon the vast majority of people never giving it any thought. So long as people believe that a dollar is a dollar, and that something being a dollar has meaning, then the system works. So, having a press conference where people say "the totally fictitious system that we have created, that most people believe in for some reason, continues to work, so we are just going to let it keep working, and from time to time we will increase the supply of this stuff to keep the thing that we all believe in circulating so the economy keeps working and growing and pesky things like default covenants don't get triggered and tank the economy, or tank the value of all this made up stuff that we collectively believe in thanks to irrational human psychology."
It wouldn't be any different if we used a gold-backed currency, tulip bulbs, or Dogecoin as legal tender. People still have to believe that it is real, and want to engage in economic activity (a fancy word for advanced bartering of goods and services) with the stuff. The global monetary system is a myth, and always has been, but it works great as long as lots of people don't think about it too much.
It wouldn't be any different if we used a gold-backed currency, tulip bulbs, or Dogecoin as legal tender. People still have to believe that it is real, and want to engage in economic activity (a fancy word for advanced bartering of goods and services) with the stuff. The global monetary system is a myth, and always has been, but it works great as long as lots of people don't think about it too much.