Introduction to the Federal Reserve: June 16th Announcement Explained
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Jerome Powell, the Chair of the Federal Reserve held a live conference on Wednesday, June 16th. We are here to try and understand what in the actual fuck he said. On average, the Federal Open Market Committee (FOMC for short) meets eight times a year, or roughly once every six weeks, but can meet more often if needed. These post-meeting live events are crucial to understanding the state of our economy, and because of that, they go far out of their way to use rhetoric that is intentionally misleading, hard to understand, and in many cases, outright lies. In these blogs, we will seek to understand and explain these events in plain English.
Introduction to the Federal Reserve: June 16th Announcement Explained
Introduction to the Federal Reserve: June…
Introduction to the Federal Reserve: June 16th Announcement Explained
Jerome Powell, the Chair of the Federal Reserve held a live conference on Wednesday, June 16th. We are here to try and understand what in the actual fuck he said. On average, the Federal Open Market Committee (FOMC for short) meets eight times a year, or roughly once every six weeks, but can meet more often if needed. These post-meeting live events are crucial to understanding the state of our economy, and because of that, they go far out of their way to use rhetoric that is intentionally misleading, hard to understand, and in many cases, outright lies. In these blogs, we will seek to understand and explain these events in plain English.