The Federal Reserve can make or break the economy. Currently, the Fed is keeping interest rates low, which it easier for people to purchase things on credit, spurring demand for goods and services and creating jobs in the process. Republicans have wanted the Fed to raise interest rates for years, but only since President Obama was elected in 2008, in order to tank the economy and place the blame on President Obama.
Click the link below to check out a story by Josh Bivens of the Economic Policy Institute on what other steps the Fed can take to make or break the economy.
How the Federal Reserve Can Help or Hurt the Economy: What’s at Stake | Economic Policy Institute.
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