That may be "officially" true, but it doesn't explain the angst whenever the Fed is mentioned as far as raising interest rates, which may not be zero but are still at a point to be effectively non-existent as far as Joe Blow is concerned and trying to keep his savings from going South.
Fed policy is maintaining 0 to 25 basis points for one reason and one reason only. Stimulus. I have no idea what Todd’s point is.