The national debt stands at $39.5 trillion. Interest payments on that debt exceed war department spending. Major recessions trigger massive stimulus payments, which would balloon that debt further, which puts the entire nation into a doom loop with the bond market. So instead the economy will simply not be allowed to fall into recession. Rates will not be raised; the debt will simply be monetized.
Part of that strategy requires continual talk of rate hikes to maintain the appearance of a market.
Part of that strategy requires continual talk of rate hikes to maintain the appearance of a market.