So here's my call.. I'd love to see interest rates begin to creep up, it would add some stability to the US markets. Higher rates would send a signal to the market that the fed is serious about shoring up the dollar and tackling any hint of inflation (well, it is more than a hint now).
So higher rates would mean strong dollar, curb in oil prices and a reduction in inflation expectations. All those things would be a huge help.
Don't think it would impact consumer lending right now because how much of it is now going on? Would hurt an already wounded housing market, though.
Has Danger to U.S. Economy 'Diminished'? : NPR