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Low interest rates: economic boom or bust?

By Marcie Geffner -

Federal Reserve Chairman Ben Bernanke says low interest rates stimulate the U.S. economy but for savers, low rates aren't all that great, as Bernanke himself also said in a speech Oct. 1 in Indianapolis.

"People who rely on investments that pay a fixed interest rate such as certificates of deposit are receiving very low returns -- a situation that has involved significant hardship for some," Bernanke said.

Here's why today's low interest rates haven't been a welcome benefit to many consumers.

Just ask Pablo Solomon. The artist, 65, lives on a ranch north of Austin, Texas, with his wife, who manages the business side of his endeavors.

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Reporter. Writer. Editor. Book reviewer. Part English major. Part MBA. Often at the beach. Always on a deadline.