- #31
Galteeth
- 69
- 1
While I'm no fan of the FED, I don't understand why, given your expectations, you choose to hold your wealth in USD.
News A rant on Fed policies and what can be done
- Thread starter turbo
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Donald Kohn's resignation from the Federal Reserve highlights the need for new appointments to address ongoing monetary policy issues. Critics argue that the Fed's prolonged low interest rates have failed to stimulate the economy and instead benefitted investment banks, leading to minimal returns for savers. This environment has resulted in significant losses for individuals relying on interest from savings, as banks follow the Fed's lead in setting rates. There is a call for the Obama administration to nominate board members who prioritize the financial well-being of citizens over Wall Street interests. Overall, the discussion underscores a growing frustration with the Fed's policies and their impact on ordinary Americans' financial stability.