Crypto doesn't sleep, so neither do we.

Crack-and-client support is available 24-7, 365 days a year by call, chat, or email.

We're here for you whenever you need us.

Give us a shout at crackin.com forward slash support proof,

not investment advice. Crypto trading involves risk of loss.

So glad you're with us here on the Clark Howard Show, where it's about you learning ways to keep more of what you have.

Our website's Clark.com and ClarkDeals.com.

So it's really hard to explain the moves that the economists do like with the Federal Reserve.

To try to protect the U.S. economy through what's a very difficult recession that we're in with an unknown end.

But the Federal Reserve has done everything it could to try to prevent us from having the economy spiral.

And there's only so much they can do, but they've done something that is very risky recently,

because of worries that the U.S. economy is seeing, starting to see an increase in significant layoffs again.

So the Federal Reserve announced that they are not for now going to worry about one of their main jobs,

which is to protect the economy from inflation.

For the last couple of generations, we've been able to know that a dollar in our pocket is going to continue to have good purchasing power moving forward.

Well, Federal Reserve right now is more worried about the possibility of an increasing number of people losing jobs and losing them permanently.

There have been a number of announcements just in the last week of large permanent layoffs, Coca-Cola, one of the world's largest companies announcing they're going to lay off thousands of employees permanently.

And various airlines announcing layoffs of 20,000 or more workers per airline as the slowdown in air travel does not show an end.

And in fact, slowdown in air travel every time there's a jump in the cases of coronavirus, the number of people willing to travel declines.

So as long as we deal with a pandemic that's not under control, we're going to see these layoffs.

So the Federal Reserve and lack of an agreement about how to prop up the economy in the political side of Washington is doing what it can.

And by holding interest rates extra low for extra long hopes to be able to keep the economy doing better than it would do otherwise.

...