Tribune Editorial: Fed move on interest is a good strategy
The Federal Reserve made a good decision this week when it announced it would likely keep its rates below 1 percent through late 2014 to help address the continuing weakness of the U.S. economy.
This decision reassures consumers and businesses about the Fed's policy strategy over the next two years and continues the era of historically low rates for loans. The unfortunate part is it also continues the historically low rates for savings.
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