WSJ says do the opposite - hold the line.
Oil is above $80/bbl, gold is above $700/oz, the US dollar index is at 79.7, and natural gas is above 7/bcf. The Fed should raise rates to fight inflation.
High risk can have high consequences. Debt must be paid down and asset prices must reflect the new reality before confidence is restored.
Restoration of faith will be a long process some are saying 10-15 years. That would be a calamity.
No control regimen is perfect in preventing occasional excesses and that applies especially to the Fed with its 'managed' currency.
BUMP