The Fed's ZIRP is and will continue hurting the economy, argues Charles Schwab, forcing savers...

|About: The Charles Schwab Corpo... (SCHW)|By:, SA News Editor

The Fed's ZIRP is and will continue hurting the economy, argues Charles Schwab, forcing savers out of safer assets into stocks or into long-term bonds that will "backfire on them if inflation returns." Schwab (SCHW) itself is getting slammed, seeing profits cut by nearly 50% in a recent report as it waved fees so money market clients didn't see a negative return.