I keep hearing from different sources (good or bad) that the FED is going to start inching up rates because the economic picture is getting better and better. But when the time comes to do it they don’t. They can’t and they know they can’t.
If some GOPe schlub manages to beat Hillary, the Fed will start hiking rates the day after Inauguration Day.
They can't because it will pop the US govt bond bubble (and the US mortgage security bubble). But keeping rates low hollows out the US economy making the inevitable crash worse.