No sense in this article. It discusses "the economy", as if finance and investment is independent of the real economy and domestic or global demand. It accounts for possible crisis and bank defaults, as if they do not affect employment (and FED mandate) and demand; as if demand is irrelevant to the economy.



The FED, of course, would love the opportunity to raise interest rates and such rates be met with domestic demand for funds for productive purposes. But if such demand is not in productive activities, it may result in inflation, or if there is not such demand it may result in ineffective policy transmission. Thus, the reasoning of the first paragraph, contradicts the claim of "investor fear", made in the article.