The United States continues in its self-destruct mode. Borrowing and spending its way toward financial armageddon and the Fed chief refuses to ask them to stop. Janet Yellen being an Obama appointee will most likely continue with a low Fed Funds Rate. This should mean cheap money for the foreseeable future to finance President Obama’s policies, thus markets should continue to rise. We may get to the point where any rise in the Discount rate would in itself cause apocalyptic synergies.
On the other hand if a leader feels there people don’t appreciate them than they may bunker down and say to heck with then and allow the train to go off the rails. We’ve all seen it before in history.