The Fed and How It Got That Way
Here is a quick history of the Federal Reserve and an overview of what it does.
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We all know the stock market can be unpredictable. We all want to know, “What’s next for the financial markets?”
In her virtual manifesto on the spending fast, “My Year of No Shopping,” author Ann Patchett discovered that, “The unspoken question of shopping is ‘What do I need?’ What I needed was less.”
Spoiler alert: interest on excess reserves, forward guidance, and asset buys will remain important.