While the rate is too low, the Fed will always move too fast in raising the rates. They want to appear to be smart and ahead of the curve.....rather than being patient and letting the market send the proper signals.
Four increases in one year is a recipe for disaster. It amounts to micro managing the economy. Two should be the max.....unless some extreme intervention would be required.
Trump is right to criticize.....
good git ride of the fed totally and have a computer do its adjustments.....as per congress mandate.
The Fed moves in increments of 0.25%, so four increases amount to a rise of only 1%.
I always thought the Fed should ease us to where they wanted to go.
A 10th of a point at a time over a longer period, rather than a quarter of a point 3 x a year.
here’s an interesting chart -
https://www.thebalance.com/fed-funds-rate-history-highs-lows-3306135