The Fed Pivots to What?

https://www.theepochtimes.com/opinion/the-fed-pivots-to-what-5548866

This kind of interest rate manipulation has many deleterious consequences. It punishes savers and rewards debtors. It subsidizes industrial projects with a long forecast of a rate of return or profit, at the expense of borrowers who need cash to serve more immediate needs. Of course by nudging the banking system to expand money and credit, it adds to the money stock in ways that risk price distortions from inflated financials to diminished purchasing power.

All of these things have happened thanks to the Fed.