The Federal Reserve Breakdown Everyone Needs

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Check out and download Vivian's new app, ⁠Ask Dolly! Vivian gets candid about what the Federal Reserve, aka the Fed, actually is and how it affects you! In this episode, she breaks down everything you need to know about the Federal Reserve to make wise and informed decisions with your money. In this episode, you'll learn: 1. What the Federal Reserve actually is, why it was created, and how this one institution quietly controls the interest rates on your mortgage, credit cards, student loans, and retirement savings. 2. What it actually means when the Fed raises or cuts rates: who wins, who loses, and why their decisions almost never make everyone happy at the same time. 3. Why Trump's push to fire Fed Chair Jerome Powell and board member Lisa Cook is such a big deal, what it would mean for your wallet if he succeeds, and why both Republicans and Democrats are drawing the line here. Follow the podcast on Instagram and TikTok!Got a financial question you want answered in a future episode? Email us at podcast@yourrichbff.com Learn more about your ad choices. Visit podcastchoices.com/adchoices