Why do the Feds Control Your Money? Pt. 2

So the Fed just made a decision that touched your wallet, but who are they and why do they— why do they even get to call the shots? So the Federal Reserve, aka the Fed, is the central bank of the U.S. They're not Congress, they're not the president, but they control the money game. So their job essentially is threefold, and that is keeping inflation under control so that your groceries don't double overnight, keeping jobs strong so people can actually work, and also making sure that banks don't collapse. So think of the Fed like a thermostat. So if the economy is running too hot, they raise interest rates to cool things down. If it's too cold, like right now with jobs slowing, they lower rates to warm things up. So the bottom line is that every time you hear the Fed is meeting, just know they're about to make a decision that directly affects your wallet. So this was part 2 of my Fed series. In part 3, I'm going to break down what interest rates really are and how they quietly control your debt and savings And remember, I am hosting a free investing masterclass to show you how to take this knowledge and apply it directly to your money. So make sure that you comment now to lock in your spot.