“So far, innocent people have been punished because the Fed has forced rates on all fixed income products so low that savers have been absolutely sacrificed for the idiots who can’t spend within their means or who don’t make provisions for a bad economy. Imagine being an elderly retired person trying to live on their savings over the past decade — slaughtered!!!”
What is really ironic about this is that one of the dual mandates of the Federal Reserve is price stability. Obviously they have failed miserably on that count over the past decade.
