http://www.mortgagenewsdaily.com/5272008_Current_Rates.aspSan Francisco Fed President Janet Yellen (non-voter) said rates are "appropriate" for encouraging growth and that the real Fed funds rate is near zero. In a Q&amp;A session following her speech, Yellen said some negative scenarios for the housing marketenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/5272008_Current_Rates.asp#10181Tue, 27 May 2008 11:00:00 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:10181anonymousshe is either lying or completely detached from the reality about the state of the economy. the statistics referenced are laughably flawed, exclude the real measurment of inflation, ignore the overall credit squeeze and it&#39;s implications and grossly underestmates the de-leveraging of the current CDO/SIV/Derivatives market as well as the run on retirement accounts supporting the market. it would be great if they could simply stop denying the facts so we can take apprise of the situation and act accordingly to respond to the reality of our financial situation.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=10181" width="1" height="1">