Interest rates need to slowly climb back up to a more normal range. Low interest rates are good for a while, but over time, they lose their effectiveness as all other countries just adapt and play the same game.
Slowly easing the rates back up will give the fed some space to play in the future. Leave them low, and there is nowhere to go when the bottom falls out next time.
Alex
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Let's go to the edge of disaster Push the pedal and go a little faster Let's slam into a wall at ramming speed Let's go to the edge of a mountain Jump off and lets start countin' Hit the ground and tell me if it bleeds
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