The bigger story is that Federal Reserve Interest rate policy is stimulating rather than slowing down the economy as desired. Higher interest rates is higher in

The bigger story is that Federal Reserve Interest rate policy is stimulating rather than slowing down the economy as desired. Higher interest rates is higher interest payments into the economy by the government which is the deficit spending. The problem with it is that its very regressive. So folks holding large amounts of cash are benefitting from the added interest income. In 100 years history will judge these guys as clueless buffoons. Hitting the accelerator pedal rather than the brakes.