Federal Reserve Chair Janet Yellen says while many savers have been frustrated by years of low interest rates, the rock-bottom rates were needed to boost the economy after the Great Recession.
The U.S. economy grew at a healthier clip in the third quarter than initially thought, suggesting resilience that could help give the Federal Reserve confidence to raise interest rates next month.
Bank of England governor Mark Carney has said that UK interest rates are likely to remain low "for some time".
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