Raising rates to an appropriate level, keeping them there and firmly resisting Wall St's pressures to lower them. Somehow, people have been conditioned to beli

Raising rates to an appropriate level, keeping them there and firmly resisting Wall St's pressures to lower them. Somehow, people have been conditioned to believe that low interest rates == economic growth and that high, or reasonable interest rates (say, 5-10%) means a recession.....which is absurd if you think about it. The cost of a bank loan or mortgage isn't, nor shouldn't be, the bellwether for effectively measuring the state or health of a given country's economy. If a business has a need for an employee, that business will still have that need regardless if rates are 0.1%, 5%, 10% or 50%. Businesses of all sizes will just need to front more of their own money to grow, rather than using the bank's money to grow.