Era of Easy Money’s End

An unparalleled era of easy money came to a screeching halt in 2022, as central banks shifted gears to subdue inflation: The US Federal Reserve raised its benchmark rate from near zero to 4% in a mere six months. 

That speed led to worries that something in the financial system would break

Bloomberg 26 november 2022 Updated on 19 mars 2023 

https://www.bloomberg.com/news/articles/2022-11-26/the-era-of-easy-money-is-over-what-does-that-change-quicktake

It’s close to impossible to apply brakes to the economy without breaking something —

 even if investors and policymakers never tire of fantasies about soft landings, immaculate deleveragings or Goldilocks scenarios.

https://englundmacro.blogspot.com/2023/03/its-close-to-impossible-to-apply-brakes.html