This is where the US is now at: Fed holds off on interest rate hike, downgrades economic forecast.

Federal Reserve policymakers on Wednesday kept the central bank’s benchmark short-term interest rate near zero, opting against the first increase since 2006 after determining the economy still isn’t strong enough to handle it.

Fed officials sharply downgraded their economic forecast for this year. They projected the economy would grow between 1.8% and 2% this year, well below the range of 2.3% to 2.7% in its last forecast in March.

If they’re correct, annual growth would be the worst since 2011 and would be far from the breakout performance some economists had hoped for this year.

And this is where the US is eventually to be at. From Drudge:

BANK OF GREECE WARNS OF ‘UNCONTROLLABLE CRISIS’…
Greeks stashing bundles of cash in homes in fear of ‘Grexit’…
PANIC AT THE BANK: CUSTOMER PAYMENTS ‘MISSING’ FROM ACCOUNTS IN UK…
‘Glitch’…
LEW: ‘Foreign shocks’ could harm USA financial stability…

Not to worry. They’ll be able to start raising rates in the US again when there’s a Republican President. Until then, they ride the tiger and hope for the best. But this is what you get when you try to make your economy grow from the demand side.