How Concerned Are You About Underlying Issues of Base Liquidity?

When the financial stress hit, the issue is how much is that financial tightening doing some of the Fed's heavy lifting? The market priced it in like it was going to be an O8 crisis again. But I think that right now the Federal Reserve's attitude is something like this: Rates are important to guide the overall economy. They have other tools to address the financial stress, which does seem to be easing.