If you follow the financial markets and economy, you know that the Federal Reserve is one of the main driving forces for them both. The Federal Reserve controls interest rates and our money supply, and it quite honestly has more power than it probably should. Most people do not realize how much the Federal Reserve personally impacts them and so many elements of their lives.

The Federal Reserve meets every six weeks or so, and they raised interest rates once again at their most recent meeting. How will this directly affect you and your finances? Find out from host Lou Scatigna, CFP® in this segment from The Financial Physician.