Janet Yellen is looking for a reason to raise interest rates. That might be a net positive for the economy at this stage. Maybe the Bush-Obama Depression is finally over. But real GDP growth won’t happen until Obamacare is killed outright. Look at how much air that sucks out of the economy.
Raise interest rates? Not a chance. Sure, maybe a 1/4 point here and there. But 5% or 6% rates would blow up the deficit. Game over.
The entire federal deficit/debt rolls over about every 4 years! So it’s very sensitive to rate hikes. The only thing they can do - like every other political entity when faced with unpayable debt - is start to print. When faced with tough choices, they take the easier way out - destroy the currency. Foreign creditors will be first in line. Keep that in mind.