Day: November 1, 2018

Why is the FED messing with our interest rates?

The FED or Federal Reserve became a thing in 1913 to set the nation’s monetary policy, maintain the stability of the financial system and provide financial services to banks, the U.S. government and foreign official institutions. The FED is our economic babysitter. For instance, the FED lowered the FED rate to almost zero during the great recession.This allowed money to flow cheaply