"Given this baseline, one can then employ the dynamics of one of the Federal Reserve's economic models, the FRB/US model, to solve for the optimal funds rate path subject to a particular loss function.11 Such a policy involves keeping the funds rate close to zero until late 2015."
This is just peachy. Fed is one of the (if not THE) major culprit of the current speculative markets around the world as well as inflation on the essentials (i.e. gas, food, etc) and now they want to keep the damn rate near 0% until '15?
Why not just follow Japan and keep it low FOREVER








