Articles for tag: consumer spending, COVID-19 pandemic, Debt, economic activity, employment rates, federal funds rate, Federal Reserve, Inflation, interest rates, monetary policy, top Federal Reserve official

The Federal Reserve’s Role in Maintaining Low Interest Rates: Implications for the Economy and Consumers

The Federal Reserve, the central banking system of the United States, has a significant role in maintaining the country’s economic stability. One of the most critical functions of the Federal Reserve is to influence the federal funds rate (FFR), the interest rate at which banks lend to each other overnight. By setting the FFR, the ...