Too few people are savers, so the Fed focus is on helping the masses; 70% of GDP is consumption, and most Americans are up to their eye balls in debt. At my elementary school, most moms work now; the PTA President told me thiw year we’ve got a bunch of incoming kindergarteners with working moms; volunteer work is down as more moms are working to pay off all that debt and have no time to help at the school. They’re overextended; you can see it everywhere.
Why would the Fed help the 1% or so (just a guess) of Americans who save?
Also, the Fed’s goal is monetary stability, so they must react to large trends that would cause inflation or deflation, not to the minor trends caused by the savers.
