The credit-card "industry" as been central to U.S. Economic expansion.
A prolonged contraction of consumer credit would be ugly.
Consumer rates should be falling with the fed-funds rate. Today, however, rate-jacking requires another several months of study:
"After the effort failed, Senator Christopher J. Dodd of Connecticut, the Democratic chairman of the banking committee, proposed that the Federal Reserve be asked to provide an analysis of how Congress could rein in interest rates."
