
Sorry, we’re closed: The inside story of COVID-crushed small businesses and their comeback hopes
The only thing harder than shutting down the world’s largest economy is bringing it all back to life.
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
The only thing harder than shutting down the world’s largest economy is bringing it all back to life.
As the economy rebounds, don’t expect the Fed’s extraordinary support to last forever.
The coronavirus pandemic drained Americans’ savings accounts.
The worst downturn in a lifetime was also the shortest.
The first of six monthly Child Tax Credit (CTC) payments start July 15.
Here’s where the nation’s top economists see hiring, the Fed and inflation heading over the next year.
Higher inflation and a troubled labor market could be the Fed’s nightmare scenario.