Fed killing the economy

  • Raising fed funds rate too fast. Should have been only two increases in 2018.
  • Time to reduce rates 50 bps.
  • Inflation is 1%-1.25%, , not 2.2%.
  • GDP growth closer to 1.5% rather than 3%.
  • Selling off balance sheet the same as raising fed funds rate.
  • Stock market sees low growth, low inflation this year and next because rate increases not needed.