Last December Janet Yellen went on record saying she would like to raise rates(the central bank rate is currently at <.50%) another .25 to .5% in 2016. So far there have been no increases in 2016. That should concern EVERYONE as before last December we were at <.25% for about 8 YEARS and that was a HISTORIC low, meant to stimulate spending. We got a .25 bump in December based largely on the improvement of the unemployment rate, and low consumer prices.
The problem with keeping rates as low as they are now for so long is the risk of inflation, or even worse stagflation. If you have a spare 30 mins watch the video below, the best, most concise, easy to understand, and insightful presentation of what the economy really is and how to use the knowledge to your benefit that I have come across.
The main reason we have have not had a bump in the OFFR (overnight federal funds rate, otherwise known as the central banking rate) is because inflation is not rising, which means that people in general are not trusting the economy and holding on to their cash, when people do that, the economy cant grow, companies will eventually lay people off, and sooner or later another recession or worse will hit us hard in the face, and it will be 2007-2008, or god forbid 1929 all over again.
Bottom line, the higher the central banking rates, the better off the economy, ours are still WAY TOO LOW.
[YOUTUBE]PHe0bXAIuk0[/YOUTUBE]