Navigating Interest Rate Shifts Post-Pandemic

This chapter analyzes the Federal Reserve's response to the economic challenges brought on by the COVID-19 pandemic, detailing the timeline of interest rate cuts and subsequent raises. It discusses the interplay between economic recovery, inflation, and consumer behavior as well as the Fed's attempts to balance support for marginalized communities with the inflationary pressures that emerged. Ultimately, it highlights the repercussions of rising interest rates on personal finances, business investments, and the overall economic landscape.