They HAVE TO.
If they raise interest rates then IMO the rate they pay on the national debt goes up and we see an addition 400 billion in a little move on interest rates.
I agree. I wouldn’t blame the Fed for this.
A raise in rates would trigger the interest rates derivatives.
While not immediately hurting consumers, this trigger is much, much, much bigger than the national debt!
You would see banks and large financial institutions go under in a flash... and all those insured, WOULD NOT BE BAILED OUT, they would end up with higher interest rates anyways!