The catch-22 is that the Fed floated the idea of an exit strategy. The Dow then gave up a 200-point rally and traded into negative territory inside of one hour. It harks back to similar commentary that former Fed Chairman Ben Bernanke laid out in mid-2013 when he talked about exiting the stimulus program. Bond yields jumped much higher than expected and spurred numerous Fed governors to try to talk back the market, especially bond yields. It seems the Fed has a real issue of not letting the markets trade freely in accordance with real-time sentiment.