And what will that do to the economy?
Although considered an entity of the federal government, The Federal Reserve is actually a private entity. Among many responsibilities outlined @ Federal Reserve System - Wikipedia it is responsible for "monetary policy:"
The term "monetary policy" refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. What happens to money and credit affects interest rates (the cost of credit) and the performance of an economy. The Federal Reserve Act of 1913 gave the Federal Reserve authority to set monetary policy in the United States.
This report seems ti suggest that a "hawkish" stand by The Fed chairman is the cause of recent fluctuations in the stock market.
“This market is still trying to determine how to view future Fed policy, and that process will create volatility. Yesterday’s market reversal and subsequent sell-off is just part of this process, as the market adjusts to a new era of a rising inflation and a not-perma-dovish Fed.”
The full article @ Fed Chair Serves Up a Surprise | Stock Investor
Although considered an entity of the federal government, The Federal Reserve is actually a private entity. Among many responsibilities outlined @ Federal Reserve System - Wikipedia it is responsible for "monetary policy:"
The term "monetary policy" refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. What happens to money and credit affects interest rates (the cost of credit) and the performance of an economy. The Federal Reserve Act of 1913 gave the Federal Reserve authority to set monetary policy in the United States.
This report seems ti suggest that a "hawkish" stand by The Fed chairman is the cause of recent fluctuations in the stock market.
“This market is still trying to determine how to view future Fed policy, and that process will create volatility. Yesterday’s market reversal and subsequent sell-off is just part of this process, as the market adjusts to a new era of a rising inflation and a not-perma-dovish Fed.”
The full article @ Fed Chair Serves Up a Surprise | Stock Investor