The Fed doesn't have a target interest rate, they have a target inflation rate -- and the current policy has not been causing inflation -- so by all measures they've been successful at doing exactly what they're supposed to be doing: helping the economy grow without creating high inflation.
I notice that goldbugs in particular get very upset about low interest rates -- as if there is something "natural" or "normal" about 7% vs 3%. But there is no magical number -- if you can create wealth without inflation, you should obviously continue to create wealth.
Also, the government doesn't owe you a risk-free return of 7%. In theory, the risk-free return should be equal to the rate of inflation -- nothing ventured nothing gained.
I notice that goldbugs in particular get very upset about low interest rates -- as if there is something "natural" or "normal" about 7% vs 3%. But there is no magical number -- if you can create wealth without inflation, you should obviously continue to create wealth.
Also, the government doesn't owe you a risk-free return of 7%. In theory, the risk-free return should be equal to the rate of inflation -- nothing ventured nothing gained.