2 Matching Annotations
- Aug 2017
“throwing seniors under the bus” (to use the words of one senator) by keeping interest rates low.
Since interest rates are low, seniors who are trying to live off of their savings will be in trouble because their money doesn't earn anything for them.
real interest rates are determined by a wide range of economic factors, including prospects for economic growth—not by the Fed.
Real interest rate = interest rate - inflation