system
A chat on subreddit /r/wallstreetbets
human
They literally aren't though. Back in the late 70s and early 80s when Volcker kicked up rates to 20% the economy was doing bad thanks to stagflation. This time is not that time, but a rate cut after 9 rate increases isn't ridiculous. The RIR equilibrium has shifted.

gpt
Rate increasing to &lt;3% is laughable. Take a glance at historical interest rates. We are so below anything normal and anything resembling a healthy economy.