|
|
The "Fed" and Interest Rates
If the Federal Reserve changes its mind a quarter of a percent, it can affect the whole economy. Why is the Fed so important?
If you watch any kind of national news broadcast or business program, sooner or later you'll hear some talk about the "interest rate" and the Federal Reserve. Mysterious to many Americans, the Federal Reserve has an enormous impact on the economy.
How enormous? If you have a mortgage, a credit card, or just worry about prices rising where you shop, the Fed and its decisions directly affect you.....
|
|
|
