Sarah Foster joins Bankrate.com as a U.S. economy reporter. Originally from a small town in rural Illinois, Foster developed a passion for economics …
Fed Friday: The top news affecting the economy this week
Sarah Foster, Bankrate’s U.S. economy and Federal Reserve reporter, shares the top stories she read this week. Here's how the news could affect you.
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Meet Sarah
I’m Sarah Foster, Bankrate’s U.S. economy and Federal Reserve reporter. My passion is demystifying our U.S. central bank, so you don’t have to! I’m from a small, rural community in Illinois that has fewer residents than the New York City apartment building where I now live. That’s where I witnessed how much our financial system’s key players and orchestrators impact our wallets -- and it’s always more than we think. Catch me on Bankrate’s Instagram for my weekly video series, “Fed Fridays.”
The future of the Fed
The Federal Reserve as you may have known it is over. Central bankers are now more concerned about running the economy hot than they are about preventing it from overheating. At the heart of that shift is a 21st century take on the Fed’s overall responsibility: How do you serve all Americans when different groups encounter disproportionately more barriers to economic wealth and success?
▲ In its history dating back to 1913, three Fed governors have been Black and 10 female. The Fed Wakes Up to Race The mighty Federal Reserve wants to …
Will this data impact the next round of COVID relief?
Data empowers economics, but it can also hinder it. Too often do policymakers and academics forget that the very numbers they’re analyzing are, in fact, people. Congress is already debating what the next round of COVID-19 relief will look like. Hopefully, they’ve opened up The Washington Post this week and read this story.
Hunger is a hidden hardship that the pandemic has made visible, a persistent crisis that the pandemic has made worse. Across America, people are lining up for food — on foot and in cars, at churches and...
Main Street vs. Wall Street
The euphoria surrounding GameStop is storytelling gold, with the kind of captivation, drama and compelling central characters that you couldn’t make up for a novel. It touches on social classes, generational differences and big money vs. new money. But most of all, it illustrates that Main Street isn’t just impacted by Wall Street -- but vice versa, too. And I’ll be waiting here patiently for Adam McKay to write this script.
A real estate salesman in Valparaiso, Ind. A former line cook from the Bronx. An evangelical pastor and his wife in Huntington Beach, Calif. A high school student in the Milwaukee suburbs. They are among...
The news and you
Want to learn more about how this week's stories could affect you? Check out Bankrate’s latest stories
