WASHINGTON — Federal Reserve vice chairwoman Janet Yellen says the central bank may keep its key short-term interest rate at a record low even after unemployment falls close to a more normal level.
The Fed has said it would hold its benchmark rate near zero as long as unemployment is above 6.5 percent and long-run inflation forecasts are below 2.5 percent. The current jobless rate is 7.9 percent.
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That means that you will get ZERO interest on your bank savings account or CD. Then if you take the IRRESPONSIBLE advice of the Fed members and jump into the stock market, when it is at its highs..You will get BURNED!