Federal Reserve Meeting: Interest Rate Winners And Losers


This post by Jill Schlesinger originally appeared on CBS' MoneyWatch.com.


While Goldman Sachs CEO Lloyd Blankfein gets grilled this morning, another meeting is taking place that has far greater implications on your life. The Federal Open Market Committee convenes a two-day confab about interest rates.

It's expected that rates will remain at rock-bottom levels, but maybe the FOMC will start changing the accompanying statement to indicate that it will be shifting monetary policy in the not-too-distant future. I spoke to CBS3 in Philadelphia about the winners and losers of the current interest rate environment.


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Jill Schlesinger is the Editor-at-Large for CBS MoneyWatch.com. Prior to the launch of MoneyWatch, she was the Chief Investment Officer for an independent investment advisory firm. In her infancy, she was an options trader on the Commodities Exchange of New York.
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    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.