The fed has overdone the tightening deliberately and the economy...

The fed has overdone the tightening deliberately and the economy is now crashing (see video below). The fed has no choice other than to crash the economy to zero or face a massive GFC and debt crisis.

There are two imminent problems that require interest rates to not only drop to zero, but also for QE to recommence in a big way.

The first problem is the commercial real-estate problem where empty office space has seen over 3 trillion in value wiped off commercial commercial real estate. When this debt gets refinanced (6-12 mths), it will smash the banks if interest rates don't go down before then in a big way.

The second problem is the debt problem. The US gov. needs to borrow massive amounts of money to replace maturing bonds and to fund the wars and excess spending. This is estimated to be about 2 trillion over 6 months. If they have to borrow that money from the market via issued gov bonds, the interest rate on that debt will go beyond 5.5%. This will also smash the banks (by increasing the cost of money, bond losses, depositor exodus, etc.) and affect consumers, housing, etc. and saddle future taxpayers with a huge debt blowout.

Getting interest rates to zero will solve every problem and will put the gov. in a strong (undefeatable) position. This is because all the asset values will go back up and any interest paid to the fed (for QE money) comes back to the gov via the fed's dividends. So this money costs nothing.

The video below shows what is happening to unemployment now and also provides historic charts to show how the crash will likely playout.