US GDP is up 1.7% in Q4 (6.9% annualized). GDP growth is 5.5% YoY in Q4 and 5.7% on average for 2021. The carryover growth for 2022 is 1.9%. GDP is back on its pre-crisis trend. This is specific to the current situation. The crisis is absorbed.
The Fed was right yesterday evening, giving itself the possibility to manhandle the economy.