Federal Reserve Chair Jerome Powell is keenly aware of the concerns of savers, judging by comments he made as he stepped up to head the world's most powerful central bank.
WASHINGTON: US President Donald Trump's push for low interest rates reached a new pitch on Wednesday, when he demanded the Federal Reserve take the extraordinary step of sending them below zero.
Outside of Washington, D.C., Fed policymakers often face the opposite complaint. Interest rates are too low already, Americans tell Fed officials when they speak at Rotary Clubs and chambers of commerce around the country. Savers, and particularly those near retirement age, are not getting enough return from their savings accounts or fixed investments.
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