- #31
Galteeth
- 69
- 1
While I'm no fan of the FED, I don't understand why, given your expectations, you choose to hold your wealth in USD.
A rant on Fed policies and what can be done
- Context: News
- Thread starter turbo
- Start date
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SUMMARY
Donald Kohn's resignation from the Federal Reserve and the two board vacancies highlight the urgent need for new nominations by President Obama. The discussion critiques the Fed's long-standing policy of low interest rates under Bernanke and Greenspan, which has favored Wall Street over individual savers. Participants express frustration over the negligible returns on savings accounts and the rising costs of living, emphasizing that the current monetary policy disproportionately impacts ordinary citizens. The conversation also touches on the devaluation of currency and the implications of inflation on purchasing power.
PREREQUISITES- Understanding of Federal Reserve policies and their impact on the economy
- Knowledge of interest rates and their relationship to inflation
- Familiarity with currency valuation and coinage worth
- Awareness of the implications of government debt on currency devaluation
- Research the role of the Federal Reserve in setting interest rates and monetary policy
- Explore the effects of inflation on savings and investment strategies
- Investigate the historical context of U.S. monetary policy under different Fed chairs
- Examine the relationship between government debt and currency valuation
Economists, financial analysts, policymakers, and individuals interested in understanding the implications of Federal Reserve actions on personal finance and the broader economy.