Rich and poor

The President is upset with the income gap between the rich and the poor but his economic policies are aggravating the situation. The Federal Reserve has been buying about 85 billion dollars a month in mortgages and bonds from banks since September of 2012 and they are still doing his at the rate of 65 billion. The purpose is to hold interest rates down and that part is working as planned. The problem with low interest rates is that elderly people who rely on interest on investments are not getting much and since interest is low people are pouring money into stocks and the market is making rich people richer. While the poor and elderly who rely on interest on things like CD’s are seeing their pot get smaller the wealthy who are heavily invested in the market are seeing their worth rise to record levels.