The Finger Pointing Game

We’ll gladly get on board and criticize the Fed for any number of things.  Money printing in the months following the initial shock of Covid, not raising rates after the Global Financial Crisis, chickening out late in 2018 during the “Taper Tantrum”…the list goes on.  But to suggest that the ills of the banking system and commercial real estate markets are “all their fault”?  Well that’s a step too far for us.