Is Obama about to lose control, or will he stand up for Americans over business and the Right?

Update: The Fed will NOT bow to the wishes of the GOP's desire for another recession. No word yet on what Obama thought.

This will empirically define the real Obama.

If he does nothing and the Fed goes along with the Republicans, it will show beyond any doubt that Obama cares only for the affluent and cares nothing for the American people. 

He MUST take a definitive stand for the people on this or it will truly show he's lost whatever control he and his supporters believe he had.