Former Chairman of the Federal Reserve Ben Bernanke, the managers of the largest banks in the United States, and both younger and older investors are demanding that the Federal Reserve raise interest rates according to an August, 12, 2016, report in The Street. All analysts cite the Federal Reserve practice of changing the targets for the three prime indicators that predict impending inflation or recession as the major reason for the delay in a small increase in the Fed rate.

The Brexit eruption in Europe, slow growth in China, higher rates of employment in the United States that expected, China’s continued selling of U. S. Treasuries at a loss, and decreased productivity in U. S. manufacturers are cited as signs for a rate increase. Fed interest rates are substantially below the levels that prevent inflation or recession.

All of the indicators that predict the direction that the U. S. economy may take have been decreased each year since 2012. This decrease was an action by the Federal Reserve. The manipulation of interest rates, minimum employment, and gross domestic product indicators has produced a situation that demands immediate action according to the most respected economic analysts.

Bernanke claims that the Fed has been more influenced by short-term factors in the last few years than is prudent for the long-term economic viability of the United States. Bank owners cite the loss that the institutions have sustained as interest rates for loans near the level of rates paid to investors. An added stress on the economy is noted as a higher expectation for return on investment by young people who invest and retired investors.

An added caution for the Fed is noted in the low level of wages that are being paid for the majority of jobs including those entry level positions that require a college education or an advanced degree. Any move by the Fed may be delayed until after the Presidential election.