Their median projection showed they anticipate lifting their benchmark rate to 0.6% from near zero by the end of 2023. This is bad news how? Do you want interest rates at zero and emergency bond buying programs to go on forever, regardless of economic conditions? Amid this progress and strong policy support, indicators of economic activity and employment have strengthened.”That’s Chair Powell, resetting expectations as he should. I’ll be on CNBC’s Closing Bell today at 3:45pm today, bringing my own particular flavor of calm, rational market commentary to the table.