[quote=Nor-LA-SD-guy]Yea I think they would have a hard time doing that at 15 or 20 % unemployment.[/quote]

We’re already at 15 or 20%. Look at U-6.

Fed didn’t do anything but turn the knob to make their number look like the real number the market has been pushing for weeks. Rate’s will go up until more people get scared back into Ts. Euro fall could be the catalyst in the near term.