In response to an FT article by Martin Wolf on 8th September 2015, entitled 'The case for keeping US interest rates low'
"In sum, central banks should continue to focus on stabilising the real economy"
This is laughable. The Fed are not stabilising the real economy. They have spent the last 6 years sucking the life out of the real economy through, amongst other things, the total distortion of price signals with the mal-investment that produces, and the introduction of 'financial repression' activities, which they never talk about openly, but which is well described by the IMF in their 2014 paper:
"Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten" by Carmen M. Reinhart and Kenneth S. Rogoff.
In short they have produced a Frankenstein economy, which, like Mary Shelley's masterpiece, will eventually go haywire and put itself and it's maker out of their misery.
"Our world is not normal. Get used to it"
Here's one for you Mr Wolf: Our world is full of unintended consequences. Get acquainted with the idea.