Hey... Fed... Leave Them Rates Alone!

The Federal Reserve just did something very smart... they're leaving interest rates alone for the third time in a row.

The housing bubble is still slowly deflating, people are starting to use some of the gas money to buy other things, inflation is still a concern, but so are dropping housing prices. The Fed is smart in keeping things where they are right now instead of burdening the public with higher interest rates.

By the way, the AJC calls this the "Do-Nothing Fed", which I gotta call BS on. These guys aggravated our economic problems with their endless increase creep. Even now there are plenty of folks in that group who want the numbers to go up and up and up... so the Fed is really showing some restraint in keeping the numbers where they are. They're doing what needs to be done.