Dennis Lockhart, the president of the Federal Reserve Bank of Atlanta, will step down this month. The Federal Reserve may be in for changes in the months ahead. It is an important agency, but there’s one problem. Not a lot of average Americans understand what the Fed is or what it does. So, we explain it in another edition of our Break It Down series.
We talked with financial columnist John Tamny about the role of the Fed and how it might change in the Trump administration. Tamny is author of the book “Who Needs the Fed?" He is one of the featured authors at the Savannah Book Festival.