re: #7 Unshaken Defiance

Honest question-How good does an economy need to be to justify interest rate hikes? A “normal” economy has much higher rates. seems to me Wall street enjoys a lot a cash that would be in T bills and savings in interest were not so low.

That issue was addressed a bit on, I believe, NPR, when discussing anticipated rate hikes. The interview subject basically said that even though the Feds would likely raise rates, we weren’t seeing much empirical evidence that said inflation was a concern. Seemed to imply that the notion of an “overheated” economy was a little like the Laffer Curve in that yes, very low employment leading to increased wages leading to inflation is true in theory, but we have no idea what the trigger point is for determining when action to slow things down is appropriate.