Banking
Most savings accounts still come with limits on withdrawals even after Regulation D lifted them
2 min read
EXPERTISE
- Economy
- Federal Reserve
- U.S. economic policy
- Personal finance
- Taxes
- Unemployment insurance (UI)
EDUCATION
- Bachelor of Science in News-Editorial Journalism, University of Illinois at Urbana-Champaign
- Master of Science in Journalism, Northwestern University
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
About the author
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.
Experience
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.
Media mentions
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
Sarah's Latest Articles
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7 ways to recession-proof your finances
Consumers should prepare for recessions even when the economy is strong.
8 min read Apr 07, 2022 -
Child and dependent care tax credit: Who qualifies and how to get up to $8,000 in credits
The credit was confusing even before Congress revamped it for 2021.
7 min read Apr 01, 2022 -
Survey: Experts see a big slowdown in job growth as hawkish Fed raises rates
Job creation is expected to be almost two times slower over the next 12 months.
5 min read Mar 31, 2022 -
Survey: More than half of economists say surging inflation will climb much higher than expected
Consumers will likely have to keep paying more for almost everything they buy.
5 min read Mar 31, 2022 -
Survey: There’s a 33% chance a recession is on the way, according to top economists
Fed officials are projecting seven total rate hikes in 2022 alone.
5 min read Mar 31, 2022 -
What is inflation and what causes it?
Inflation has a nasty reputation among policymakers, investors and consumers alike.
11 min read Mar 25, 2022 -
How is the U.S. economy doing? With inflation hitting 40-year highs, watch these 4 key areas
There’s no telling when inflation will slow down.
8 min read Mar 24, 2022 -
Earned income tax credit (EITC): What it is and who qualifies
This popular tax break can be one of the trickiest.
5 min read Mar 24, 2022