Up until this summer, nothing, it seemed, could beat the FED.
Something is now beating the FED, and you can probably trace it back, to the FED.
When the president said "he stayed too long", I'm pretty sure he was referring to the QE program, Bernanke stayed too long with that program. It's become self defeating.
Criticism of FED aside, how about out of control government spending?
Do you see anything wrong about the debt projections, with or without rising interest rates?
Take a look, it's for real. I don't care if they pass the continuing resolution hands down no fight easy this time, the market is likely to have a reaction to U.S. fiscal situation.....it's already happening.