The link looks at the 50 BP scenario...which has been mentioned here serveral times.
The notion being that the FED SHOULD shock the markets...NOT CODDLE THEM.
After all that's what the FED did back in the olden days...say, pre-bubble Greenspan, remember, the "mysterious" meetings and the priesthood aura of the FED...
Then, the FED started kowtowing to the likes of Kudlow and Cramer...and there was a near total loss of control over monetary policy...
IT BECAME THE FED'S JOB TO "FIGURE OUT" WHAT WALL STREET WANTED....AND DELIVER IT!
THAT WAS THE ESSENCE OF GREENSPAN'S FED OF THE 1990's.
And it's been all down hill ever since...
