If the Federal Reserve fails to control inflation effectively, it could lead to a decrease in the purchasing power of money, causing the cost of goods and services to rise. This could lead to an economic recession. On the other hand, if the Federal Reserve fails to control deflation effectively, it could lead to a decrease in the overall demand for goods and services, causing businesses to lower their prices and potentially leading to an economic depression.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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