The Federal Reserve's control of interest rates can indirectly affect unemployment rates. When the Fed lowers interest rates, it encourages borrowing and investment, which can stimulate economic growth and potentially lead to job creation, reducing unemployment. Conversely, when the Fed raises interest rates to curb inflation, it can slow economic growth and potentially lead to job losses, increasing unemployment.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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