Fed Position on Interest Rates (Best Analysis)

This is the best analysis I've seen on why the Fed left interest rates at record lows and promised to do so for the foreseeable future. Succinctly, the Fed does not believe its own rhetoric. They say that the economy is recovering, but they do not believe it because it is only recovering thanks to massive government intervention. This is not a sustainable recovery.

A closer look indicates that neither the administration nor the Federal Reserve believes its own recovery rhetoric. They understand that the economy will not prosper without continued life support.