The Federal Reserve has the ability to completely derail the American economy.
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The Federal Reserve has the ability to completely derail the American economy. But its power goes beyond any elected official—including the President. Despite what Trump might say, it’s the Federal Reserve’s actions that will determine the fate of your finances.
Right now, the Fed is deciding interest rates that could have devastating consequences for the economy. If they raise rates, it will cause massive problems, and if they lower rates, the value of the dollar may plunge.
You may think that a President’s decisions can change the economy. But when it comes down to it, the Fed is the one pulling the strings.
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