Can The Fed Both Tap On The Brakes And Floor The Gas? Can The Fed Both Tap On The Brakes and Floor The Gas? Fed speakers repeatedly promise policy tightening is a story for next year or the year after. To quote Jerome Powell – “We’re not thinking about raising rates, we’re not even thinking about thinking about raising rates.” Short term interest rates are approaching zero percent and will likely fall below zero shortly. This article is available to INNsider Pro subscribers only.Sign in or register to be an INNsider Pro and access all locked articles. Older