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It makes sense for the Fed to raise rates to something closer to historical averages. But the speed at which they've chosen to hike rates shows they were asleep

It makes sense for the Fed to raise rates to something closer to historical averages. But the speed at which they've chosen to hike rates shows they were asleep at the wheel for the past two years and are now slamming the breaks - there will be more collateral damage.

bequanna 4y ago
They were having too much fun playing with their monetary policy toys. Crazy to think they were still buying MBS into 2022 when easing was in no way necessary.
fundad 4y ago
Fed chief was afraid of losing his job so he kept rates too low before pandemic. Timing is everything.