They’re not going to raise rates ever.
They can’t afford to sell any of their bond assets, because those assets are junk.
When the Bond market finally implodes, rates will spike up then. But it won’t be the Fed doing it.
I agree. Rates should have been raised a decade or more ago. Instead we have so much distortion (speculation instead of investment) the economy cannot recover and rates cannot be raised without some major pain. If we had leaders we would raise then, but we do not.