Bizarre indeed.  Now there are entire camps of folks who admonish the Fed for having raised rates, as if the Fed should help the markets and economy at every twitch.  It is crazy to expect the Fed to be sheperding the economy at every turn and not create distortions.  And these are folks who aren't dumb at all, apparently their agendas are far more important than the anything else.

The mandate that they have has worked for ages, why should the Fed be involved in everything??

Or am I missing something?