Jerome Powell and The Fed. Market Crash. Stocks and Crypto.
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The Federal Reserve is unlike any other in the world; a crazy genetic mashup of different animals.. part private bank and part government agency. See, the Fed has been placed in a weird spot for the last few decades.
During the Global Financial Crisis, the Fed slashed interest rates to zero for the first time in history.
Economists called this 0 percent interest rate the “zero bound,” and it was once believed that you couldn’t go below 0….That is, until one man: Ben Bernanke, decided to put the economy in creative mode, and perform a radical experiment.
But someone saw the dangers… and knew that if nothing was done…the United States could collapse on itself, taking the entire world with it. His name: Jerome Powell.
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*I am not a financial advisor. This is not financial advice. Some of the above links may be affiliate links*