[grania]

And when there are rate hikes on savings, seniors who have savings (a lot still do) will be more likely to spend, a lot of that going into local economies.

It's astounding that those in charge don't get it. Or don't care.

[DuncanWaring]

Those in charge “get” that when there are rate hikes on savings, there are also rate hikes on loans, which correspondingly jumps what the Federal government has to pay in interest on the national debt.