The low interest rates are bad in other ways too. Who wants to take risk and make a loan for almost nothing? It might be better to just sit on cash and collect from the IOR program and wait until rates rise enough to make loaning money more worth while.
Consumer spending accounts for 2/3 of GDP- By keeping the rates low this will hopefully continue. Retail sales were up last month that accounted for the 400+ Dow Jones climb on Thursday.
Consumer spending accounts for 2/3 of GDP- By keeping the rates low this will hopefully continue. Retail sales were up last month that accounted for the 400+ Dow Jones climb on Thursday.