Chronology of Federal Reserve Actions

I’ve always jokingly said that the Chairman of the Federal Reserve is the most powerful person in the world.

There’s some truth to that. Every time Jerome Powell talks, he can create, destroy, or transfer trillions of dollars of global wealth at the snap of his fingers. He’s the Thanos of modern finance.

We should give the Federal Reserve credit where credit is due, however. Yes, some of their recent actions are morally questionable. But most of them are necessary to the smooth functioning of the economy and the market. And all of them will definitely impact your wallet and your business in one way or another.

In fact, I would argue that understanding what the Fed is doing is the most important thing you can do for your financial well being.

So let’s begin the journey...

03/03 - Federal Funds Rate