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Low Interest Rates Might Hurt More Than Help [TheStreet]

Tuesday, February 2, 2010 - 12:45 PM
From TheStreet:
Federal Reserve policymakers last week held the overnight lending rate near zero to keep the economic recovery on track by making credit easier to access. But the benefits of a low rate might be diminishing for consumers.
The article shows how little the record-low rate helps those with credit card debit, car loans and mortgages. The article then ends by showing the damage it does to retirees.
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,053