IMHO this is a really bad idea. Let's hope they raise them slowly this time, unlike 2007-8 when they went back up quickly and triggered mayhem.
I was talking about starting recessions, not digging out of them, so my statement holds.
A few days later, Lehman Brothers began to falter. Treasury Secretary Hank Paulson, who in July had publicly expressed concern that continuous bailouts would lead to moral hazard, decided to let Lehman fail. The fallout from Lehman's failure snowballed into market-wide panic. AIG, an insurance company, had sold credit default swaps insuring against Lehman's failure under the assumption that such a failure was extremely unlikely.
https://en.wikipedia.org/wiki/Economic_policy_of_the_George_...
So, how does that change your view?