Alan Greenspan. Ben Bernanke. Janet Yellen. All names you know, or probably should know. The first two are former chairs of the Federal Reserve, Yellen is the current chair.
They make economic policy for the country and set interest rates, of course. But you’re on a renters insurance website, not an economic policy website. So why are we talking about the Fed Chair?
In addition to setting general economic policy, the Federal Reserve sets the base interest rates from which nearly all others are derived. One of the most common benchmarks of economic health is the 10 year T-note. Widely considered to be the safest available investment, they’re heavily invested in by insurance companies.