I’d like to provide some perspective on the implications of the Federal Reserve’s current monetary policy stance for savers and, in particular, to explore notions that low interest rates could be hurting savers and hindering, rather than helping, the recovery.
As a  2  BIS central bankers’ speeches  result, central banks became less inclined to trade off their policy autonomy for global or regional policy coordination in the areas of monetary and exchange rate policy. However, the recent international financial crisis has resulted in an intensification of monetary policy coordination.