Imo the Fed is and has been a "non-factor" since even before they began raising the Fed funds rate. Fed will be like any govmint regulated system and be "reactionary" to what the market does as opposed to the other way around. You won't get loweer interest rates from the Fed unless the stock market is dumping. Yet market driven rates (like mortgages) will still move looower. Fed will make no QE4 "attempt" until one of the U.S. banks are actaully on the brink of belly up. Your vote to say >>> "fukk the banks this time!! No bailout!" will likely mean the price of silver drops by 20% in one day the very NEXT day after that news reaches the markets.