First, Do No Harm

The Fed doesn't know what's going on, so who can they know if their actions are helping or hurting?

ZH: Fed Admits "Something's Going On Here That We Maybe Don't Understand"
"I see this as more of a warning, a red flag that there's something going on here that isn't in the models, that we maybe don't understand as well as we think, and we should dig down deep deeper and try to figure this out better," said San Francisco Federal Reserve President John Williams on Friday pointing out that low neutral interest rates are a warning sign of possible changes in the U.S. economy that the central bank does not fully understand.

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