Does the Fed control the economy?
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When it comes to the Federal Reserve’s powers, raising or lowering interest rates is pretty cool. But there are a ton of economic factors the Fed doesn’t get a say in \\u2014 gas price fluctuation, stock market trends, long-term bond yields, to name a few. Sure, the Fed might love to totally control financial conditions \\u2014 but reality often gets in the way. Also in this episode, wage growth slows, schools turn to tech in response to bus driver shortages and paper companies adapt to paperless billing.
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