Module 7 Discussion: Is Chairman Powell "restrictive" or "expansionary" and why?

A couple of years back when she still ran the Fed, then chairwoman and now secretary of the treasury, 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? Also, what has been current Fed chairman Jerome Powell's approach to short term interest rates: expansionary or restrictive monetary policy ? (well, that's a NO BRAINER)

Hint: the lesson on theGreat Recessionshould help here.