Hmmm...mixing Fed talk and fracking I see.
IMHO ZIRP was meant to stimulate a weak economy. Our economy is no longer weak...it’s record setting strong. The Fed correctly is concerned about inflation. We who lived through the inflation of the Carter years understand that danger. The Fed wants to get to “neutral”, which doesn’t put on either the gas pedal or the brakes to the economy but they are just guessing as to where that might be. Too many global moving parts to ever really know.
Regarding Shale, the article is correct that if oil prices are low less of the shale will be recovered but that isn’t the whole story. IF it were necessary to get that tighter shale out IT IS STILL THERE and we can get it. That is the main thing.
Agree completely.