Federal Reserve Chairman Bernanke defended impact of low interest rates on those living off of savings in a speech Monday.
In a speech to the Economic Club of Indiana in Indianapolis, Bernanke said the Fed's recently announced plans to buy $40 billion in mortgages every month for the foreseeable future, a plan widely known as QE3, would help spur greater economic activity and higher home prices. He said that would help many more savers than would be hurt... Read More..Bernanke: Stimulus helps savers, too:
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