The Fed's Winding Down, It's Bonbying Programme

The fed has been more cautious than some other central banks, the bank of england. Some people have criticized palo for even these cautious steps. So in a way, the fed has started to come around to the position you were articulating in that article. Even with three small rate increases the fed is contemplating for next year, policy would still be stimulative. And i'm glad it's acting at allw.