First published by Money Metals Exchange here: https://www.moneymetals.com/news/2022/08/01/the-wishful-thinking-fed-is-anything-but-neutral-002571

With last week’s second 75 basis-point rate hike, the Federal Reserve now claims it has achieved a “neutral” monetary policy stance. That would mean, in theory, that interest rates are neither stimulating nor restraining the economy. "Now that we're at neutral, as the process goes on, at some point, it will be appropriate to slow down,” Fed Chairman Jerome Powell said.