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| Who knows. The Fed knows though, they knew what they were doing for the last 14 years when they should have raised interest rates. It should not be their private world to run the economy and decide whose savings get destroyed. But that is what they do. And they do know what they are doing to this day. We just don't know what they are doing. And that is the situation when a private organization runs the central bank that belongs to the people.
It is impossible for us to anticipate what to expect going forward since the Fed is on a different agenda than what the citizens should have to ensure their lives have opportunity and prosperity. Why can't interst rates keep going up? If the Fed already destroyed the economy by putting the value on capital at a level that made it not only free, but risk free, then why does anyone think they have a issue with further destroying the economy by raising interest rates. To make it perfectly clear - their opportunity to work in best interest of the citizens left the gate about 12 years ago.
So what comes next? Hmmm, let's see. Suppose the banks "suddenly" find themselves in a risk situation of reserves disappearing because loans they made by creating currency out of thin air (fractional reserve banking is that) are looking risky, now decide they need a major in rush of cash so call in all loans. Not just the years payment due, but the entire principal owning?
The average person should be prepared for the most absurd things possible. Interest rates below asset price inflation rate for 14 years is the most absurd thing possible but it has been done. That's why "experts" run your life. So prepare for even more absurdity. If someone is thinking that suddenly there will be intelligence applied to monetary policy then what do you think is the fundamental change now vs the last 14 years.
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Fed meeting yesterday
