### Comment:
&gt;low rates ment everyone bought houses until a bubble formed.  
  
 Well Powell just popped the bubble because he has no clue what the fuck he is doing. Putting the brakes on the market is costing businesses millions and will surely lead to layoffs which will lead to another recession when people cant afford to pay their mortgages

### REPLY:
Think of if he didn't raise rates and the stock market continued going up 20% this year.  We just pulled back 20%, maybe we will pull back further.  If the bubble kept going, maybe we could have seen an even larger drop when the bubble burst.  We had near 50% in 2008.  That is the tough job of the Fed, maybe it is a mistake, maybe doing nothing leads to an even larger mistake.

### END.