It’s clear to me that in July when the Fed next takes a look at interest rates that the focus must me on raising rates. Yes, the economy is in trouble and higher rates run the risk of even further economic pain. However, the dollar MUST be defended and the skyrocketing cost of oil must be stopped. The only way that can be done is by raising rates and I think that is what will happen if the Fed is smart. It’s a tough decision but must be made to send a message to the world that the US is not on course to become an economic invalid.