The Federal Reserve has kept interest rates at historical lows for a couple of years now in an effort to stimulate the economy. However, the situation is hurting retirees and savers. "Americans who have done everything right, have worked hard, saved their money and stayed out of debt are the ones being punished by low interest rates," said Richard Fisher, president of the Federal Reserve Bank of Dallas. "That state of affairs is not sustainable for a long period of time."

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