It is true that there are two sides to every coin.
"During his press conference Wednesday, Federal Reserve Chairman Ben Bernanke said monetary policy had been helping the general public. In particular, borrowers are benefiting from extremely low interest rates."
And here is the other side of this coin.
"What tends to be glossed over is the flip side to the Fed’s zero-rate strategy: Savers are getting whacked."
"Less income, of course, means less money for spending, and the hit has been especially hard on retirees who are living off past investments. And since the Fed plans to keep rates low for at least another 2 1/2 years (and some economists think into 2015), savers will continue to suffer."
And that is not good in many respects because we need to encourage more saving and investment to grow our economy.
Fed helps borrowers, but savers get clobbered - Kathleen Madigan - MarketWatch
