Nope, Janet Yellen served her full 4 year term under Obama. President Trump should be proud of his economy if interest rates need to be raised, confirms full employment and rising wages. Main street before Wall Street...when did Wall Street become so concerned with “normal” interest rates? We have a long way to go before we get there...like 3 or 4 percent or more.
If the Fed would come out with a slow path....say a half-point rise over one single year, then a full point over the second year, then we could get back to a ‘norm’. The Fed rate should resolve itself and get back to the 8-to-10 percent rate.
If people would go back review CD rates of the 1970s/1980s....it was normal to have 5 to 7 percent CD rates. That’s the norm, and we should be working toward that.