Strong Jobs, Recessionary Monetary Policy

They think they're so cute 
When they got you in that condition
Well I think
It's a total disgrace
--John Mellancamp

Another strong jobs report puts the headline unemployment number at 3.8%--lowest since 1969.

This puts the number of consecutive months with job growth at 92--by far the longest streak in history.

Yet, despite these historically positive job numbers, the Fed Funds Rate remains at recessionary levels. The negative real interest rate situation is something that is usually associated with only the worst economic conditions.

When will people start questioning what is going on here? With such historic job numbers, why are policymakers maintaining recessionary monetary policy?