The Fed vs. Covid-19

During this episode of Financial Festivities, recorded on September 27th, 2021, Grant discusses how the Federal Reserve operates by employing monetary policy. He outlines the steps that the central bank has taken to combat the COVID-19 pandemic, and how those efforts have impacted inflation and unemployment in the U.S. Finally, the host summarizes the events of the most recent Federal Open Market Committee (FOMC) meeting and provides a possible timeline for the beginning of rate hikes, and the tapering of bond purchases. Sources: Data on inflation: Bureau of Economic Analysis Data on unemployment: Bureau of Labor Statistics Projections from September 21-22 FOMC meeting: Federal Reserve Board of Governors Transcript from September 21-22 FOMC meeting press conference: Federal Reserve Board of Governors CNBC Fed survey on taper timeline: CNBC The Fed’s “Toolbox”: The Balance Discount Rate vs, Federal Funds Rate: Investopedia