Right now, they can't. In the future, when the excess is cleared away and the economy is healthier, they will.
Yep the artificially low interest rates that kept the economy going for the Bush years is a major problem now since NOW it cannot be raised without making the recession effects worse.
Bush used up one of our tools to fight a recession.
If you go into a recession with normal or high interest rates, lowering them will boost the economy. But if they are already near zero when the recession starts........
So it's Bush and not Bernanke? BS.
He then served as Chairman of President George W. Bush's Council of Economic Advisers before President Bush appointed him to be Chairman of the United States Federal Reserve on February 1, 2006.
Ben Bernanke - Wikipedia, the free encyclopedia
actually it was Bernanke's predecessor who caused it all and Bernanke just followed along like Obama is a 3rd Bush term.