Can the Fed Raise Short Term Rates?

The last time the central bank faced unresponsive markets, between two thousand four and two thousand six, it had to increase rates to five and a quarter % from one. This episode may be a better template than the last business cycle. The fed doesn't change fed funds to affect uro dollars in isolation. They do it to tight and broad financial conditions because nothing hangs off three months money. And this just isn't even built into the fixed income markets. I don't think realize essentially how rapidly the fed has moved. To go back to an interview that i did with grant williams a couple of months ago,. Cause they've just raised ing at 75 basis points that the e c