“No, this cannot be done.”
It’s already been done. The Bond Market calls the shots, the FED has no choice but to follow. Go look at what the 10 yr Bond rate has done over the last 6 months.
That’s the rate that mortgage lenders set their rates from. They mark up the 10yr rate about 1.5% and that’s your mortgage rate. It adjusts daily with the 10yr rate. The FED only changes the overnight interest rate for banks. The FED will tighten and the country will survive. The coming adjustment is nothing compared to the early 80’s.
People have been programmed with BS fear porn about everything in our lives, reality is a lost concept.
Many old folks are invested (heavily) in Bond Funds and individual Bond issues. If they continue losing $$ (as they have been) , Biden will become an obscenity on every bathroom wall in every retirement home in America.
“People have been programmed with BS fear porn about everything in our lives, reality is a lost concept.”
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Nowdays in many cases just acknowledging reality can get you in trouble, such as saying women don’t have penises and/or men can’t get pregnant.