In a banking system keeping interest rates at zero means only one thing - the banks wont be able to make profits.
In this case, in US all banks charge some interest rate, except FED :-)
Anyway, there is a certain percept of growth when interest rates are > 2% and at the time total bonds sold by US is around 6 trillion, but now with 17 trillion bond holding, the interest rates at 0.. Is America really growing?
http://online.wsj.com/news/articles/SB10001424052702303653004579210143376261748
In this case, in US all banks charge some interest rate, except FED :-)
Anyway, there is a certain percept of growth when interest rates are > 2% and at the time total bonds sold by US is around 6 trillion, but now with 17 trillion bond holding, the interest rates at 0.. Is America really growing?
http://online.wsj.com/news/articles/SB10001424052702303653004579210143376261748
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