Big news just dropped from the Federal Reserve—and it has real implications for your money. In this timely episode of Millennial Money Matters, Kelly Turner and Derek Mazzarella break down the announcement of a new Federal Reserve Chair, Kevin Warsh, and explain what this leadership change could mean for interest rates, mortgages, savings accounts, and the broader economy .
Rather than reacting to headlines or political noise, this episode focuses on how the Fed actually works, why independence matters, and how Fed decisions show up in your everyday financial life.
In this episode, we cover:
Who the Federal Reserve is and what its two core mandates are
What a new Fed Chair means (and what it doesn’t)
The difference between Fed rate cuts and mortgage rates
Why savings accounts and credit cards react faster than mortgages
Quantitative easing explained in plain English
Dovish vs. hawkish policy and why it matters
The tension between inflation and unemployment
Why groceries feel more expensive even when inflation is “down”
How political volatility impacts markets and lending behavior
What millennials should actually pay attention to over the next 6–12 months
If you’ve ever felt like Fed news is “above your head,” this episode breaks it down in a way that helps you make smarter decisions about borrowing, saving, and investing.
Reach out to Kelly Turner at kturner@totalmortgage.com and Derek Mazzarella at dmazzarella@mygfpartner.com
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