Like I was just telling 1010RD, please share some specifics with the group. Tell us which rate is the "the interest rate" you mean, and tell us what you would set it at right now. Ah, and why.
Federal Funds Rate. My apology for not being specific. Fed Chair Yellen thinks they are creating jobs keeping the Fed’s fund rate low. In reality she is only covering for failed economic policies that promised improvement. Also for savers who have low risk tolerance there is poor return.
To guess at a specific level— How about 3 and 1/2% ? Then let government do their part and pass legislation that actually is going to help the private sector grow.