The Fed Doesn't Care About Equity Markets to Day

The fed doesn't really care about equity markets to day, particularly when you consider that the majority of the down turned has been in what we think are bubble assets. The difference between today and two thousand 18 is they weren't really fighting anything. They just wanted to bring up the fed funds rate as high as they could without really tipping anything out of balance. This go around, the actually have something to fight. Now, i think they're naive in thinking they're able to fight it with a few 50 bases point leges and then be done. But a but they're fighting in flation, and ultimately that means they're going to have to go higher.