As the nation’s monetary policy authority, The Fed influences the availability and cost of money and credit to promote a healthy economy. Congress has given the Fed two coequal goals for monetary policy: first, maximum employment; and second, stable prices, meaning low, stable inflation. This ‘dual mandate’ implies a third, lesser-known goal of moderate long-term interest rates.
This week we’re going to talk with Jerome Powell about any changes the federal monetary policy could have in the works, economic recovery, and what both of these things could mean for your retirement. Additionally, Michael Andersen discusses all things social security and ideas that could help you improve your chances of having the retirement of your dreams.
At Andersen Wealth Management, it’s our priority to help you achieve your dream retirement. If you’d like help preparing your finances for potential future volatility, contact us today at (410)690-4894.