Today (Monday), Fed Vice Chairman Stanley Fischer conceded in a speech in Stockholm, Sweden that global recovery and growth have been "disappointing" since the Great Recession hit in 2007. Janet Yellen's No. 2 went on to warn listeners that these so-far weak economic recoveries may point to a permanent downshift in the world's top economies like the United States, China, Germany, and others. "It is also possible that the underperformance reflects a more structural, longer-term shift in the global economy," he said. Despite Fischer's negative comments today, the Fed is planning to raise short-term interest rates in 2015 - the first time it's done so since implementing its monetary policy following the recession. Such a move suggests the Fed is comfortable with the current growth rate. It's based its decision on the 4% economic expansion rate we saw in the United States in the second quarter. Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business'"Varney & Co."this afternoon and said Fischer "stated the obvious" - but also said Fischer and the Fed have committed a major crime - something all global central bankers are guilty of right now. Take a look: