Hacker News Reader

> Rates need to rise but it needs to happen more slowly.

How do you know?

Serious question: Would anyone realistically have a better idea than the fed about that?

I tend to agree here. Any tolerance for "slowness" is anti-free-market. I don't necessarily think completely free markets are optimal, but I can't see a reasonable argument for slower being better than faster in general.

Does the Fed have some privileged information that everyone else does not?

What does that even mean though? The market is supposed to represent something close to the "correct" state of things, based on public knowledge.

Given the warnings, how long should it take to "get ready"? And should the Fed "wait for it to be ready"?

The problem is the fed is trying to prevent a speculative bubble from forming in the stock market. 20-30% per year YOY in the stock market is not the norm.

But that's market's fault, isn't it? The Fed is responsible for entire economy, not just stock market.

Exactly! Waiting would just be the Fed preferring slower movers to faster ones.