Wednesday's announcement by Fed Chairman Benjamin Bernanke that short-term rates would remain low until late 2014 - rather than mid-2013, as he had said previously - has had a positive impact on the financial markets, but it has brought a chorus of criticism about its impact on savers. On Thursday, one of my blog posts - How the Fed's Low-Rate Policy is Hurting Savers addressed this issue and highlighted an article on this topic that appeared on Yahoo! Finance. A similar article appeared on CBS Marketwatch, titled How to Elude the Fed's Attack on Savers, and it addressed higher-yielding alternatives to help investors cope with the low-yield environment.
For more on this topic, see my article Why Are Yields So Low?