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Inflation, interest rates, the Fed, and your family budget
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Inflation, interest rates, the Fed, and your family budget
The Federal Reserve, as part of its responsibility to safeguard the stability of the country’s financial system, has a targeted inflation rate of 2%. Its most visible tool for that purpose is increasing the federal funds interest rate when inflation is rising and reducing the interest rate when inflation falls below the target.Many observers expected that rate was likely to be lowered when Kevin Warsh replaced Jerome Powell as chair of the Feder…
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