“I want to be sensitive to how the data comes in, but I would say that most of the conditions that were laid out in the minutes, as of right now, seem to be . . . on the verge of broadly being met,” said Rosengren.
The idea that the Fed would never raise interest rates again after the December Fed rate hike and, indeed, that the Fed would reverse the December rate hike and possibly introduce negative rates, was an absurd perspective, held by many, including Austrian-lites, who really don't understand Austrian school business cycle theory, how markets work or what the Fed is really up to.