Will the Fed Hold Rates for a Long Time?

I think they intend to do it for the rest of this year at least, that is their aim. But we've seen in previous cycles when rates were held too long after a bubble burst. So that probably means that if the economy underperforms, or we get a slowdown which the Fed thinks is too extreme, you'll start to see rates coming down. How many they do, probably the succession of rate cuts after that.