Quote Originally Posted by Lewkowski View Post
I'm in favor of higher interest rates but your reasoning is silly. Its not the Fed's job to determine what is "fair" for retired folks on fixed incomes.
It's not about being fair to certain groups. One of the Fed's jobs is:

To manage the nation's money supply through monetary policy to achieve the sometimes-conflicting goals of
-maximum employment
-stable prices, including prevention of either inflation or deflation[35]
-moderate long-term interest rates
By your reasoning, stable prices and moderate interest rates don't matter to retirees on fixed income?

Also, there's a thread about central banks now.