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The Federal Reserve is one of the most complex institutions in the world; yet, its decisions impact consumers’ wallets more than any other policymaker in Washington, D.C. My goal is to remove some of the mystery surrounding the U.S. central bank, so you can be an even smarter consumer.
— Sarah Foster
Bankrate.com writer Sarah Foster covers the Federal Reserve, the U.S. economy and economic policy. Originally from a small town in rural Illinois, Foster developed a passion for economics while watching her community recover from the Great Recession. She witnessed just how much Main Street is impacted by Wall Street and saw firsthand that the Federal Reserve’s most well-intentioned policies can still leave those most desperate for help behind.
Sarah previously worked for Bloomberg News, the Chicago Tribune and the Chicago Daily Herald and has been quoted in several national and regional media outlets, including Yahoo! News, NBC, the Toronto Star, the St. Louis Post-Dispatch and more.
The Federal Reserve is one of the most complex institutions in the world; yet, its decisions impact consumers’ wallets more than any other policymaker in Washington, D.C. My goal is to remove some of the mystery surrounding the U.S. central bank, so you can be an even smarter consumer.
— Sarah Foster
High inflation has a financial toll similar to job loss.
It isn’t always about two consecutive quarters of negative GDP growth.
The Fed’s move is the biggest increase since 1994 and undoubtedly raises the risks of a recession.
The key benchmark has been as high as 20 percent — and as low as 0 percent.
This Fed communication tool is important, but be cautious when interpreting it.
This cornerstone of Fed policy has major implications for the economy and your pocketbook.
The Fed looks likely to consider raising interest rates by three quarters of a percentage point.
Consumers are witnessing the most hawkish Federal Reserve in decades. Here’s how to prepare.