Janet, quit raising rates!

The Federal reserve has been obsessive-compulsive about raising rates even though inflation has fallen short of the Fed’s two percent target every month in the past five years and that any pay raises for most people have been exceedingly rare in spite of a record low unemployment.

To me, this deflationary climate is due to a continue oversupply of good and services, including energy, with the advent of alternative sources, that is likely to continue for a very long time.

As for wages, some top managerial or creative job will continue to pay handsomely well, while all other jobs that can't be robotized yet, will keep on lagging badly.

Finally, raising rates is counter-intuitive when American taxpayers will need to contend with financing a debt that keep on rising and will explode under Trump's plans.

All this make me say that many times, smart management means just doing nothing when there are no immediate lever to be pulled...