I try a disentanglement

It should be obvious that growth is generally the response to, rather than the cause, of an expectation of slowing growth.

Says the Economist Blog.  Ok, it restates the idea that we partially define the future by using quants of imprecision, from our bounded supply. But, it wasn't mostly the Fed that set the stable points,  it was something else, mostly.
Yes, we have the power of partial future creation.  But some future paths are foreclosed, the Fibonacci route between states already allocated, by somebody else's future.