> Imo, most people crying out for lower interest rates are likely swimming naked and just want the tide to come back in. Is it possible that zero interest rate

> Imo, most people crying out for lower interest rates are likely swimming naked and just want the tide to come back in. Is it possible that zero interest rates are bad and excessively high rates are bad at the same time? The long term inflation goal in the US, I believe, is 2%. And long term interest rates here that are determined by the market are higher, but not as high as policymakers have set short term rates to. Would it not make sense to set rates somewhere in that window (roughly 2-4%) and stop messing with them? For other countries, scale rates accordingly. Metaphorically, I feel like the US federal reserve was driving a car with the gas pedal to the floor and it didn't respond for a while, so they kept going until they suddenly found themselves going 100 mph, and now they are determined to keep on the brakes as hard as they can until they are 100% motionless. This is not a good way to drive in traffic, even if you do survive it. There is an alleged tendency of almost everybody to justify their job by looking busy even if what they are doing is worse than doing nothing. And that's what I think of when I think of central banks in my adult lifetime. Along with being a passenger in a car where the driver is on and off the gas and brakes constantly to the point of nausea. Inverted yield curves worry people even if they can't agree on how linked they are to recessions. So...why not just not invert them? I believe that markets have to be regulated, but they also should be listened to.