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Tasks of the Federal Reserve
So what does the Fed actually do, on a day to day basis, and year to year? The Fed is THE most powerful central bank in the US, and the entire world. So we know that it regulates the entire US economy, but let’s break it down a little further.
First Real Deflation in 50 Years, and They’re Still Talking About Inflation?“Consumer prices dipped unexpectedly in March, leaving inflation over the past year falling at the fastest clip in more than a half-century.” That was the opening sentence in April 15’s most important news story. For the moment, let’s leave aside why it’s described with the phrase “inflation falling” instead of the word deflation.
