FED, rock and a hard place., page-177

Timber might be justified in his lack of urgency. The debt burden is locked into 30 year bonds. At the very most the US has 30 years from the start of the liquidity measures to try and jump start the economy to the point where inflation out runs the bond yields to prevent money printing and hyper inflation. It is still relatively early days and they may still have the time luxury to wait for the currency wars to die down and for the global economy to raise rates together on equal footing or pari pasu.