text:  um historically and the analogy we use is elevators and escalators that a lot of times when there is a financial emergency like the 2008 financial crisis or even covid the fed will move very quickly to lower rates so we'll take the elevator down very quickly but then they'll be very slow to raise rates or take the escalator back up so as not to upset the economy in this situation we've done the exact opposite we took the elevator up very quickly like i said the fastest we've ever seen and now the fed's talking about taking the escalator down to slower