Stephen Roach: Fed 'Repression' Penalizes Savers
October 27 — The Federal Reserve is penalizing consumers by keeping interest rates near zero, threatening long-term savings and the U.S. economy, Stephen Roach told CNBC Thursday.
Roach, Morgan Stanley's Asia non-executive chairman, said doing so raises a serious question "about the financial repression practiced by your favorite central bank, the Federal Reserve. The idea that we can run zero interest rates in perpetuity and penalize savers is absurd." Read more.
