system
A chat on subreddit /r/wallstreetbets
human
Yup.  Fed is always too late. 
  
 Both Bernanke and Greenspan were trying to deflate bubbles with their policies.  And both overshot the target and ended up sinking the economy. 
  
 The Fed was right to slow down hikes.

gpt
They only have 2.5% in room to lower rates when things go south.  They know that they need more room to adjust the FFR down, but they can't raise the rate without triggering the event that they're trying to anticipate.