I don't mean to be cynical but raising the rates would cause a lot of short-term pain, and the way things are no politician that has ambitions for either a 2nd term or for his party to remain in power in his 2nd term and beyond is going to do anything that can be solidly linked to them like that.
Don't get me wrong, it needs to be done; I just don't think anyone is going to force the issue until someone at the fed eases it up for their own reasons.






Reply With Quote
