Fed’s Low Interest Rates Don’t Help the Economy—Unless You’re a Bank
by Kitty Testa We’ve now had about seven years of a near-zero Federal Funds Rate, and three phases of Quantitative Easing from the Fed since the economic meltdown of 2008. Is it working? Well, yes, and no. For most people, the most important economic indicator is personal: having a good job. Good jobs generally include…