It’s hard to imagine a more targeted control than the benchmark rate, which has a direct impact only on people who manage money for a living and people who hold

It’s hard to imagine a more targeted control than the benchmark rate, which has a direct impact only on people who manage money for a living and people who hold adjustable rate mortgages. It just manifests as a blunt hammer because the economy is interrelated, and I’d argue that any control big enough to make a difference will encounter this.