TheVoiceOfJoyce Once a month, Steve Ballmer, will share a video with us, explaining various data. Today’s Spotlight is on understanding the Federal Reserve. We don’t use this Bank and it controls our lives. It’s mandate affects us. The Fed keeps inflation low and employment steady, while trying to maintain living wages. Right now, the Fed must keep inflation under control or we’ll have rising interest rates.
The Federal Reserve maintains are money supply and our interest rates. Its objective is to maintain inflation at 2%. If inflation rises, the Fed might have no choice and it will raise interest rates. This will make earning a living wage harder. Watch the Fed.
