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cover of episode Why The Fed Interest Rate Drop Matters To YOU | Facts Ep. 17

Why The Fed Interest Rate Drop Matters To YOU | Facts Ep. 17

2024/9/18
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The Ben Shapiro Show

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The global economy is heavily influenced by the Federal Reserve's decisions on interest rates. A select group of central bank experts at the Fed determines the cost of goods, the value of savings, and even job security. Their monetary policy decisions control the money and credit in circulation, impacting everyone.
  • The Federal Reserve's decisions on interest rates significantly impact the global economy.
  • Central banks have the power to create money digitally by buying government securities.

Shownotes Transcript

The Federal Reserve has just cut interest rates by half a point, marking its first such move in four years. In this episode of Facts, Ben dives into the immense power wielded by central banks, especially the Federal Reserve, in shaping the global economy. Explore how the abandonment of the gold standard has shifted economic control to unelected officials, granting them the authority to dictate interest rates and influence inflation. Ben breaks down the political pressures behind these critical decisions, highlighting how fiscal irresponsibility has left everyday Americans vulnerable to the whims of central bankers. So, what does this mean for your wallet?

 

 

 

 

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