Thread: Economics The "Fed"
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Old 02-26-2014, 09:30 PM   #67
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Quote:
Originally Posted by petegz28 View Post
In fact let's elaborate on this....1 year as you know is not a very long time. Secondly are you advocating that these super low interest rates are actually benefiting the everyday person? If so, how? How is eroding the value of the $ creating more spending power for the middle and lower classes? How is a savings account paying .02% beneficial when inflation is between 1.5%-2.0%?
Inflation just hit over 1% recently. It has been non-existent since the crisis until very recently.
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