The Fed's not finished,

The Fed's not finished. More rate hikes loom.

We had a bit of a relief rally. And perhaps there's the sense that the Fed is finished for now.

He was not especially gloomy about long-term economic prospects,

You look at this and all you can say is, yes, monetary policy remains accommodative, it's not even neutral yet, and interest rates are too low in that they still fuel the speculative purchase of housing activity.

You look at this and all you can say is, yes, monetary policy remains accommodative, it's not even neutral yet, and interest rates are too low in that they still fuel the speculative purchase of housing activity,