ZIRP is an attempt to create hyperinflation by the ultra progressives in order to gain control. Look at history and the wiemar republic in Germany. It is what caused them to put Hitler in power.
If I was a betting man, I'd wager that they'll continue to hold off on any increases until at least later in the year if not longer. It's not what I think they SHOULD do, but I believe it's what they likely WILL do.
It is what they should do, and it is what they did do.. I posted the same thing as you earlier.. they are not going to raise rates because of China. The unemployment numbers and factory orders make a small case for raising rates, but I think we have at least 9 more months without rate changes. There is nothing in the economy pointing at inflation except some really really leading indicators.
