I think we're in agreement.

It will be interesting to see how things play out in the coming years with power in Congress shifting yet again. The Fed admitting while they were doing the last rounds of QE,to include purchasing assets like HYG, that they were crossing what they considered to be a bright red line. I expect the unilateral expansion of their granted authorities to have consequences at some point - probably starting with some hearings next year. I would like to see the Fed remain independent, but  they crossed a line(s) that make it a tougher sell going forward.

Yellen jumping straight from the Fed into a highly partisan cabinet position is not going to help their arguments for remaining independent.