Three ways the Fed's interest rate decisions affect you

5:00 AM ET Tue, 6 Aug 2019

The Federal Reserve is America's central bank, and its primary job is to keep the U.S. economy going strong. But its decisions also ripple into your personal finances. The Fed determines the Federal Funds Rate, which impacts the interest rate on consumer loans, among other things. Watch this video to find out the other ways in which the Fed's decisions affect you.