It's been a rough ride for U.S. stock indexes since the Fed's announcement on Wednesday

that it had decided to leave interest rates unchanged.

And of course, it was followed up by a Powell press conference.

In the last three days, the NASDAQ composite is down by just under four and a half percent.

S&P 500 down almost two and a half percent.

Dow Jones holding up better down about one percent, clearly what was weighing down the S&P

and not so much the Dow are the tech stocks.

They're really dominant in the NASDAQ and that's why it's down the most.

But people are blaming the sell-off on is the fact that the Fed was not dovish enough

if you can believe that.

First of all, one of the statements that the Fed did make is they intend to leave interest

rates at zero throughout at least 2023.

Now I'm not really sure if that means that maybe they're going to start raising them in

2023 or they'll leave them at zero through the end of 2023 and they're not going to start

raising them until 2024.

But whatever it is, it's a pretty solid commitment to leave rates at zero.

I don't think the Fed Reserve at any point in time following the O8 financial crisis made

a commitment that solid, right, to leave rates for so low for so long.

But I'm not the only one that's saying that this wasn't enough.

I mean, even Neil Cash Carrey came out today.

I was reading an article he wrote and he says that the Fed's commitment not to raise

rates wasn't strong enough.

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