> Short answer for why they would is the economy broadly can't sustain rates this high. I disagree, but... Putting aside the fed and the degree they can set i

> Short answer for why they would is the economy broadly can't sustain rates this high. I disagree, but... Putting aside the fed and the degree they can set interest rates at the long end of the yield curve - what you are saying is that rates will go down bc the economy can't sustain the debt (in your words - "economy will hit a brick wall and prices and rates will fall"). In other words, there would be a recession bc interest rates are too high. By the time that recession hits, people will be losing job - people sell assets (houses + stocks) when they lose their jobs. In the event that the fed lowers rates, it will be bc of a recession, not to prevent one. By then, the damage is done.