I believe these comments are misguided. The fomc attempts to maximize employment and minimize inflation plus maintain the stability of the nation's banking system. While the 10 yr bond and mortgage rates may offer clues, nowhere is the Fed policy designed to address these levels. And financial markets by their nature fluctuate. It's fair to criticize fed policy, but not for this.
I believe these comments are misguided. The fomc attempts to maximize employment and minimize inflation plus maintain the stability of the nation's banking system. While the 10 yr bond and mortgage rates may offer clues, nowhere is the Fed policy designed to address these levels. And financial markets by their nature fluctuate. It's fair to criticize fed policy, but not for this.