When will the Fed raise rates?

Some think the Fed won't raise rates now until late 2011.

According to Calculated Risk, the Fed has not raised the Fed Funds rate until unemployment drops significantly. Based on the the Fed's own forecasts of the unemployment rate and inflation, the Fed will probably not raise the Fed Funds rate until late 2011 at the earliest.

Check it out at http://www.calculatedriskblog.com/2010/06/when-will-fed-raise-rates.html