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Letters: Interest rates down, savers lose

December 16, 2012

Re "Fed to tie interest rate to job gains," Dec. 13

It's disappointing that no mention is made of the effect of the Federal Reserve's decision to keep interest rates at rock bottom on those who have set aside a good portion of their incomes as savings over the years. People who have been fiscally prudent all their lives to build savings for their later years now see the income they had counted on from those savings diminished by these low rates.

Although the Fed's actions may help encourage the investment needed for the job growth we so badly require, it would be nice to see the downside for a large segment of the population at least acknowledged.

Eleanor Cohen

Vista, Calif.


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