Is There a 20% Chance of the Fed Breaking and Being Forced to Pivot?

If the system breaks If we see basically the banking system frees up That would cause them to swoop in and act And they would definitely start buying bonds The thing that I think is a little bit different this time around, though Is that I think they're still going to raise Keep rates at this higher level for longer. Even if the treasury comes out, Janet Yellen sort of eluded to the fact that they may do some clever buying Maybe like an operation twist from the treasury itself Where they issue some short term bonds and buy longer dated bonds They may do that, that would be kind of a QE type move Certainly that could happen, certainly if the system breaks and the bond market starts