I'm not an economist, but I have spent time around thousands of small-business owners and investors, and I remain skeptical - despite the best intentions of the Fed - that even lower interest rates can make a meaningful dent in our unemployment problem.

Low interest rates benefit individuals or investors who own or want to buy assets; in that regard, they disproportionately benefit wealthier Americans.

The impact of low interest rates is broad and deep. Many Americans rely on interest income from their savings to help cover their cost of living.

John Delaney Quotes