The Federal Reserve's control of interest rates can indirectly influence the national debt. When the Fed lowers interest rates, it encourages borrowing and spending, which can stimulate economic growth. However, if the government is also borrowing heavily, this can increase the national debt. Conversely, when the Fed raises interest rates, it can make borrowing more expensive, potentially slowing economic growth but also potentially reducing the pace at which the national debt increases.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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