You have to feel for Bernanke. It must suck waking up every morning to this mess.
That said, it's time for him to man-up and RAISE THE F*CKING RATE!
And he knows it.
And people paying $5 a gallon (should) know it.
And Wall Street knows it.
And poor Americans living in or visiting Europe know it.
He just doesn't want to do it before the election, since it's his job to get incumbents re-elected, not do what's best for America.
Check out this video. And coming November if not sooner, get ready for the rate hikes.
Bear Realities: Fed Rate Hike Could Aid Ailing Market, says Schwab's Sonders