Learn English: The Money Puzzle: Helping People and Keeping Prices Steady (easy)

3 days, 18 hours ago

The Money Puzzle: Helping People and Keeping Prices Steady

The Federal Reserve, like a grown-up money manager, might lower interest rates in September to help people and businesses.

But prices are still going up, making it tricky to decide how much to lower the rates.

The President wants a big drop, but the Fed boss wants to be careful and not make things worse.

It's like baking a cake – you need the right amount of ingredients to make it perfect!

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Source

Original: NY Times (Business)

Tags

#Federal Reserve #Interest Rates #Inflation #Economic Growth #Monetary Policy

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