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How Can Investors Fight the Fed's Attack on Savers?
Valuable Information to Protect and Grow Your Investments!
In early August 2011, Federal Reserve Chairman Ben Bernanke, and the rest of the Fed, promised to keep short-term interest rates low until at least the middle of 2013. Why? Because the Fed did not believe the US economy would be strong enough to grow without exceptionally loose monetary policy. So they promised that the one short-term interest rate that they control – the Federal funds rate – would remain between 0% and 0.25% for two years!
Some have claimed that Chairman Bernanke has it out for savers, retirees and those living on fixed incomes. While we do not believe Bernanke wants to destroy fixed-income investors, his policies will certainly have that effect. It really doesn't matter what the man's intentions are – the results will be felt by every income investor and saver.
