Ghost of Igloi wrote:
Sure about that, he buckled on everything.
He didn't buckle on anything. The truth is that the Fed has never had a plan to unwind the balance sheet or return interest rates back to pre-2008 levels. It's always been a game of wait and see, try this and try that. If anything, he caved to the demands of Wall Street when they clearly showed they would not tolerate higher interest rates.