### Comment:
This might work in the past but I think that JPow is much more concerned with the dual mandate and the credit markets than he is with securities markets. Bond markets can shoot themselves in the foot and play hurt to make it seem like hikes aren't warranted, but literally everything in the real economy points to now being the time to hike.

### REPLY:
I agree. In fact 2q17 was when the increases should have started and now we need to play catch up. Securities took a huge piece of the GDP pie in 2016-2017 and now that the bubble is getting unsustainable the rates need to justify the growth from that time period. Just look at SPX/DJIA/QQQ graphs compared to real estate prices/wage growth and consumer spending graphs for the same time period and it's clear that fed was getting the short end of the stick.

### END.