I disagree. Interest rates are still way below previous 60 year average after the Fed increase. Keeping interest rates artificially low causes serious inflation of hard assets, causing a harder landing later on.
The artificially low interest rates is why the stocks remained strong during the weak Obama economy. While the housing market still remains overvalued.
Fed’s main job should be to defend the US currency, not try to manipulate the economy. That job belongs to politicians.
The Fed has NEVER been about Zer0 Inflation.
They are highly partisan and deeply supported Hussein.