The officials who currently serve at the Fed all lived through this crisis. They understand the chaos that the loss of consumer confidence can cause to the economy.
Consumer confidence plummeted during the 2007-2008 crisis as Americans saw their net worth tied to their homes decline, which led to reduced spending.
The Federal Reserve is beginning a rate cut cycle to support the economy, aiming to prevent the kind of panic seen during previous financial crises.
The Fed has learned from past experiences, particularly the havoc wrought by the 2007-2008 financial crisis, and is committed to maintaining consumer confidence.
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