Why are so many people convinced that interest rates will only rise slightly? Rates only got this low due to rate cuts, QE and a very weak economy. If the Fed is raising rates and selling bonds, with a "booming" economy, what's to stop rates from going back to normal?

Why are so many people convinced that interest rates will only rise slightly? Rates only got this low due to rate cuts, QE and a very weak economy. If the Fed is raising rates and selling bonds, with a "booming" economy, what's to stop rates from going back to normal?

— Peter Schiff (@PeterSchiff) February 2, 2018