I was trying to explain why the interest rate on my savings account dropped the day after I opened my new online savings account, and how it was directly rated to the fact the Fed cut interest rates. Since I couldn’t offer a cohesive explanation of why, that means I don’t really understand it myself.
So I’ve started […]
Admission: I don’t really understand how the Fed works
January 28th, 2008 · 1 Comment
Tags: i hate my job · macroeconomics