Name:   Firefighter - Subject:   If the economy is so great why no rate increase? Date:   9/18/2015 10:04:58 PM

Let's face it. There is no good path to take. Each path leads to a disaster.

If you had high short term debt, such as credit card debt, you would be in the same boat as the federal gov't and the federal reserve banking system. Would you want the interest rate to increase? The additional interest payments would sink all high debt burdened people / organizations.

If you have no short term debt, raising the interest rate would be great. The banks might even raise their interest payments on savings accounts.

The federal reserve has so much debt they will not let congress audit them. They have even bailed out european banks. They don't know what to do.