Are you struggling financially and think the Federal Reserve is to blame? We want to hear your story.
The Federal Reserve’s mandate is to help these hurting Americans by taming unemployment and inflation. But some say the steps the central bank is taking -- like implementing record-low interest rates stimulating the economy through bond buying -- may in fact be hurting Americans.
Congressman Ron Paul has been an outspoken Fed critic for years and some of his opinions may be gaining traction. In July, the House of Representatives overwhelmingly passed a bill that called for auditing the Fed. And at a central banking conference last month in Jackson Hole, Wyoming, Fed Chairman Ben Bernanke warned that increasing Congressional involvement could undermine the institution, according to Reuters.
Still, Bernanke admits that not all of the central bank’s policies help everyone. He noted during a speech in Indianapolis earlier this month that low interest rates mean many retirees are getting low returns on their investments, according to the Daily Caller, a situation that could make it more difficult to live on a fixed income.
Are you struggling to make ends meet and think the Fed is to blame? We want to hear your story. E-mail Bonnie.Kavoussi@huffingtonpost.com.