Smoke and Mirrors, the Federal Reserve and America’s Economic Recovery Myth

Federal Reserve officials have been debating another interest rate hike and its possible timing. The minutes of the latest meeting in July indicate some policymakers insist they first need more evidence on the durability of the economy’s rebound before approving an increase.
I must admit that I’m a little confused about what additional evidence they could possibly need. Do you remember former Fed Chairman Ben Bernanke indicating in 2012 that interest rates would start rising when unemployment dropped below 6.5 percent? Well, according to the government, that rate now stands at 4.9 percent.
How can the economy possibly get any better when we supposedly have full employment? After all, if the economy were to improve any more, we wouldn’t have any workers to sustain growth. It looks to me like the Federal Reserve had better quickly raise interest rates just to slow down the incredible growth that we’re experiencing.
Pathetic Economic Picture
Every time I hear and read the Fed minutes, I can’t help thinking how they confirm that the economy is every bit as pathetic today as it has been for the past decade.

http://cnsnews.com/commentary/dan-celia/smoke-and-mirrors-fedearl-reserve-and-americas-economic-recovery-myth