The Fed says:

The Fed now says they can be patient on rates. Really. No kidding! As we have told you, unless the market forces their hand, the Fed will never raise rates. And it is our opinion that on any blip in markets or the economy, QE4 will be right around the corner. Eventually this teasing of the markets will fall on deaf ears as the “boy who cried wolf” may come into play. Sorry Aunt Mary and Uncle Bob with those savings.