The Federal Reserve was meant to be exactly that - a federal reserve in case of market failure (think 1907 or the TARPS era).
It was not meant to be a year-after-year system to cheat savers out of a fair rate of return on their money via interest.
A fair rate of interest would at least maintain the buying power of the saver’s money.
“A fair rate of interest would at least maintain the buying power of the saver’s money.”
The central bankers are raising rates, which is signaling an end to the cheap money debauchery of speculative stupidity that has gone on since the 2008-2009 time period.
The bankers aren’t bluffing and I approve of their current monetary position.