One criticism of the Fed's quantitative easing policy is that low interest rates ________ the return to saving.One key reason people save is to finance their retirement.Retired people typically favor low-risk investments,such as bank certificates of deposit or Treasury bonds.But with the interest rates on these assets reduced to historically low levels,many retired people were forced to either ________ their spending or buy riskier investments.

Question

Quizplus · Accepted Answer

Low interest rates reduce the return to saving, which can force retired people to either reduce their spending or buy riskier investments.

One Criticism of the Fed's Quantitative Easing Policy Is That