It was recently announced that the United States was experiencing a slight increase in inflation. Inflation lowers the value of the dollar. This is impacting the ability of working Americans to pay their bills and save for retirement.
This is the first in a series of articles dealing with recent actions by the Federal Reserve System. The Federal Reserve System is the central bank of the United States and is responsible for the country’s monetary policy. This means that any attempt to control inflation is the responsibility of the Federal Reserve. In addition to inflation, the Federal Reserve is also responsible for certain objectives, such as promoting maximum employment, stable prices, managing long-term interest rates and creating stability in the financial system. .
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Banker Phares is a practicing lawyer and founding member of the Estate Planning and Probate Law certification by the Texas Board of Legal Specialization. He is Professor John and Karen Mast at the SFA and teaches in the Department of Economics and Finance.