Fed Report Calls Consumers Who Save "Hoarders"

Mark Melin

Published onSeptember 3, 2014

Updated on May 13, 2021

Banks and consumers have saved more money than at any point in the last five years, so why haven’t we seen a strong rise in gross domestic product statistics or even a significant boost in inflation? Consumers are “hording” money, says a new study by the St. Louis Federal Reserve.

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Fed Report Calls Consumers Who Save "Hoarders" — Source: Pixabay

Fed blames consumers for the low level of money movement

The white paper, first reported by CNBC Finance Editor Jeff Cox, blames the low level of money movement partially on consumers “willingness to...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Fed Report Calls Consumers Who Save "Hoarders"

Fed blames consumers for the low level of money movement

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