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After reading this (from RGE Monitor) it occurred to me that there are probably very few people who truly understand what is happening with underside of the economy.
Quote
The Federal Open Market Committee (FOMC) decided at its November 2009 meeting to keep the Federal Funds Rate target range unchanged between 0% and 0.25% and reduced the size of the agency debt purchase program slightly to US$175 billion from the previously announced maximum of US$200 billion. The Fed will still purchase a total of US$1.25 trillion of agency mortgage-backed securities. The FOMC stated it "continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an extended period." The FOMC made only a slight change in its statement to emphasize the importance of labor market slack to its decision.
