A couple of years backwhen she still ran the Fed, then chairwoman, Janet Yellin, indicated before the Senate Banking Committee that the Fed would continue raising short term interest rates, and start shrinking its 4.5 trillion portfolio "very soon." In essence, reversing Quantitative Easing.

Since then what has happened to interest rates for both short and long term loans? And what has been current Fed chairman Jerome Powell's approach to short term interest rates: expansionary or restrictive monetary policy ?