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THE FORGE COMPANIES BLOG
A Brief Modern History of the Federal Funds Rate & Inflation
From July 1983 to September 2022, the purchasing power of the consumer dollar in the U.S. declined steadily by a total of -66.3%, to a new low. Inflation, the silent thief, steals workers’ wage increases before food can even be put on the table or gas in the vehicle.
This piece looks at two periods of inflation and the actions to combat it by the Federal Reserve’s Board of Governors. Arthur Burns and Paul Volcker oversaw most of the first period 1966 -1982 as chairs of that Board. Ben Bernanke, Janet Yellen and Jerome Powell all chaired the Board in the run up to our current inflation rate of over 8%. We will judge their actions by the effects on our economy.
Through this examination we will come to conclusions about what may happen over the coming period as the Federal Reserve under current chair Powell tries to achieve “price stability” by containing inflation.
Finally, we will explain how we have positioned investment portfolios within those conclusions.
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The Forge Companies is pleased to announce they are teaming up with Rebecca Cameron Blount, a longtime friend of The Forge Companies, distinguished attorney, and owner of The Blount Law Firm, PA in Greenville, NC.
Advocacy Trust Celebrates Major Milestone
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Bringing Nearly Three Decades of Banking Knowledge to Support Families and Enhance Settlement Planning Services
At The Forge Companies, our commitment to clients extends beyond financial planning—we’re also here for life’s unexpected challenges. Our team is dedicated to providing top-tier services by designing customized plans that address immediate and future needs, ensuring our clients are supported through every phase of their journey. If you’d like to learn more about how we can help your clients, connect with us today!
For this Heart of Forge spotlight, we are thrilled to highlight our Atlanta office! Last month, members of our Forge Consulting, Advocacy Trust, and Advocacy Wealth teams spent the morning with Zobida Dat and Jenifer Hossler from the Georgia Center for Child Advocacy (GCCA). Together, they assembled goodie bags for GCCA’s upcoming Trunk or Treat event.
We are thrilled to highlight Shawn Mitchell, a Trust Officer on our Advocacy Trust team, for his incredible work with the Iredell County Sheriff's Office during their Youth Outdoor Education Week.
We are thrilled to highlight one of our Trust Officers, Laura Schlesing. Laura is a dedicated board member of Gigi's Playhouse of Charlotte, a remarkable Down Syndrome Achievement Center 100% volunteer-run with just two paid staff members.
Advocacy Wealth Management and Montag & Caldwell Join Forces
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