Last week, the FED head, Janet Yellen, announced that they were keeping interest rates pegged to zero. They haven’t raised rates now for almost 10 years.
Keynesians grant the FED / Government the power to manipulate rates. But, even they must say that the ZIRP and long term suppression of Free Market rates of interest is Socialism in the US. For those readers who may not be aware, Socialism is wildly destructive of an Economy, and of Individual Freedom.
Since the FED ended their QE programs, they have reverted to buying US Treasuries almost entirely at the short end of the yield curve. Traditional Keynesian dogma calls for short rate manipulation to be used to suppress long rates indirectly.