根据这个信息，FED MAY BE MAKING FATAL MISTAKE

Global Money Markets Are Flashing Signals Liquidity Is Drying Up

Pockets of global money markets are coming under strain as central banks pull back easy money policies and governments boost debt issuance, luring cash away from the financial system.
Key gauges of secured borrowing have risen in the US and UK, reaching levels not seen in years, with signs of tighter liquidity flashing across markets.

----PER BLOOMBERG