– has up to now been a kind of background evil. Few knew about or understood its machinations – its manipulations – because few had any direct dealings with it.

It was just, you know, the "Fed."

That is about  to change.

Come July, the Fed will involve itself directly in the affairs of Americans, via Fed Now – a chirpily named etiolation of the "Fed's" manipulation of the nation's money supply. The object now isn't manipulation as much as it is habituation.