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Podcast: Wealth Formula Podcast
Episode: 255: Are the 20s about to Roar?
Description: I am not an economist but I do recognize the importance of understanding a little bit of macroeconomics to guide me as an investor. After all, financial markets don't move in a vacuum. They are affected by all sorts of things including monetary and fiscal policy. As a reminder, monetary policy is dictated by the Federal Reserve. Essentially, they have two powers that they can wield to impact the financial system. One is the power to set interest rates at which the banks trade with one another—the so-called "Fed Funds Rate." The other is the ability to print money an...