Fed's Fisher sees structural impediments to growth

In an article, the FT quotes Fisher that slower growth and lower worker participation are conditions that are keeping the FED from raising interest rates. However, the lower interest rates allow businesses to borrow to buy back their shares (thus increasing their pay and leadership compensation). This and the paring down of the work force allowed businesses to maintain or increase profit, but this did very little for the working stiffs. Also, the lawless behavior of the Obama regime contributes to the higher unemployment. The regime has put into effect thousands of regs that reduce productivity and refused to get an OK from Congress as required by law. The worst example is the regime's insistence on phasing out of the use of cheap coal allegedly to combat the nonexistent global warming.

Yellen is a Keynesian and beholden to Obama for her job. She will not allow rates to rise until after the Fall election, so the regime won't be blamed for a drop in stock prices.