CNBC, By Kelly Evans | August 24th, 2015 (Read article)
The public has been seemingly desperate for the Federal Reserve to raise interest rates.
“Savers are getting creamed here,” has been a common refrain.
“Banks are getting crushed.”
“Zero percent sends a bad message, it undermines confidence.”
Even the experts seem upset by the inertia: “It’s simply time,” has become another popular phrase.
Imagine what would happen, then, if the Fed raised rates—and they dropped even lower, instead. That’s effectively what’s happening today.