Financial Literacy. Episode 19 When Central Banks Talk, Markets ListenFinancial Literacy. Episode 19 When Central Banks Talk, Markets Listen

Since the 1950s, central banks such as the U.S. Federal Reserve have become one of the most powerful forces in the financial markets and the global economy. Why are central banks so powerful-and so secretive? How and why do they affect market interest rates so much? Peer inside central banks to find out.