Federal Reserve

Locked in a trap of its own making, the Fed fears raising interest rates by even 1/4 percent.

They're afraid they've lost control, and they probably have.

"The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over short-term lending markets."

The bankers and traders are making the decisions, but they're the smarter ones anyway.