Fed Policy: Winners and Losers

As the Fed kicks off its regular policy meeting, most Americans can barely remember the role of the central bank. I spoke to CBS television stations this morning about what the Fed does, its current policies and most importantly, the winners and losers of those policies.

Here's another resource that will help you locate the best savings rates offered on-line.

While I am always extolling the virtues of maintaining a six-month emergency reserve fund, it was startling to learn that only 24 percent of Americans have a six-month emergency savings cushion and another 24 percent have no emergency savings whatsoever, according to a national survey that was conducted by Bankrate.com. This recession has really done a number on the American nest egg!

Jill Schlesinger

Jill Schlesinger, CFP® is the Emmy-nominated business analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.

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