“The Fed has been a little too aggressive in their projections of rate hikes in my opinion. They seemed a bit too anxious to normalize rates. They should have been more measured in their comments.”
They have been doing it NOT on the traditional reason, inflation, but for what I think is against the “national interest” but purely their own institutional self-interest as regards the unloading of the porfolio they built up as part of their quantitative easing measures post-2008.
They are already at the point of about to burst what I think is another real estate bubble that they helped create. There was warnings when they headed down their quantitative easing measures that getting out of them could wind up sending them and the economy in a damned if they do, damned if they don’t position.
Excellent comments. Thanks for the reply.
They are unwinding their massive balance sheet. What is it at now, something on the order of $4.5 trillion?