As markets have tumbled, U.S. President Donald Trump has been leading a charge against Federal Reserve chair Jerome Powell's interest rate increases, and he's not alone.
Investors watching markets slide have added their voices, worried that
three rate hikes this year, one projected in December and another three next year will bring more carnage.
Bank of Canada governor Stephen Poloz faced similar criticism after last week's
quarter-point hike to 1.75 per cent.
But while skittish markets — during a month when markets are often skittish — have focused on small rises in interest rates as the death knell for the current economic revival, there are good reasons to think the worries of traders are baseless.