In my opinion, the Fed is clearly trying to establish its own independent capital market, as the introduction of sofr shows. and the fact that the anger at the Fed is no greater outside the functional circles of the ECB is only due to the general lack of understanding of the public's ignorance. Nobody here knows what we are talking about

TomK

Depends on the debitor or on what table you sit

Historically you're right. Everything changed post 2008. Now, it's high if you're holding a ton of "safe" us government debt at <2%. 

siggy47

> I am surprised the fed is keeping rates this high

5.5% is not high imo

supertestnet

econ

Unrealized losses at banks remain a smoldering problem 

What still amazes me is that there isn't more anger directed at the US fed for making the problems worse overseas. I am surprised the fed is keeping rates this high. Either they want US bank failures to consolidate the system and further accumulate power in the big banks, or they are genuinely afraid that inflation will be uncontrollable if they ease. 