The federal funds rate, mortgages, and small business loans...all things that should pique your interest.

So much talk about interest, interest, interest can be...a little uninteresting. But, should we feel that way? The Federal Reserve's actions (known as open market operations) have an impact on the price we pay for goods and services as well as the rate at which we can borrow money. That's something we should stay on top of!

This video from TwoCents titled "How High Interest Rates Upended the Economy" explains the rollercoaster ride of inflation we've experienced, as well as how the Federal Reserve's actions to bring that down have impacted our daily lives. 

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About the Author

Ryan Wood

Ryan is the Partnerships and Adoption Manager for Next Gen Personal Finance’s midwest region. He brings his experience as a former teacher, curriculum designer, and sales and marketing professional to state organizations and school districts in supporting the implementation of their personal financial education efforts. He graduated from the University of Wisconsin-Green Bay and earned his teaching credential from Saint Mary’s University in Winona, Minnesota. He proudly taught at two rural high schools in Wisconsin before transitioning to curriculum design at NGPF, and is now excited to be on the front lines in delivering the best possible financial education in the midwest. He and his wife have three beautiful daughters, each of which inspire him to share the impact of being sound financial stewards both at home and as lifelong learners.