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Deciphering Inflation: Effects of Money-Printing & President Biden on Your Wallet

INFLATION: How Money-Printing & President Biden Impact Your Wallet

Inflation is when the value of dollars doesn’t go as far. It can happen due to an undersupply or government intervention. The Federal Reserve controls how much money banks are required to hold in reserve. If a bank doesn’t have enough money in reserve, they can borrow from another bank at an interest rate. The Fed’s fund rate has been at zero, which means easy money.

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