Explaining Interest Rates to a Middle SchoolerSubmitted by Sound Foundation Wealth Advisors on April 25th, 2023
The Federal Reserve, or "the Fed," is the central bank of the United States. One of its primary goals is to maintain price stability, which means keeping inflation at a moderate and stable rate. To achieve this, the Fed uses various tools, including adjusting interest rates. In this post, we'll explore how increasing interest rates can help with inflation.