The Markets Tremble as the Fed’s Lifeline Fades

After falling for a fourth day in a row on Friday, the stock market suffered its worst week in nearly two year

 

What happens next comes from an established playbook. As William McChesney Martin, a former Fed chairman, said in 1955, the central bank finds itself acting as the adult in the room, “who has ordered the punch bowl removed just when the party was really warming up.”

The mood of the markets shifted on Jan. 5, Mr. Yardeni said, when Fed officials released the minutes of their December policymaking meeting,

NYT 21 January 2022

https://www.nytimes.com/2022/01/21/business/economy/stock-markets-down-inflation.html