Was there ever any doubt about this non action. The economy is in such a mess, raising rates would have made an even bigger mess. All the talk about higher rates is and was just more political double talk.
We have to deal with the mess sometime.
Up next is QE something, then ZIRP and we’ll end up in the NIRP zone soon enough. We should just deal with it now and let the cards fall where they may.
Although I think the Fed wants NIRP so it can rob more from us.