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    What does the Federal Reserve actually do, and how does it impact your wallet? In this must-listen episode of Money and Wealth, John Hope Bryant sits down with Federal Reserve Bank of Kansas City President Jeff Schmid for an in-depth conversation on the U.S. financial system. Together, they break down how the Federal Reserve works, why interest rates rise and fall, the difference between money and wealth, and how inflation, credit, and monetary policy affect everyday Americans. They also discuss AI, cybersecurity, financial fraud, the future of digital payments, and why financial literacy is one of the greatest tools for building generational wealth. Whether you're trying to better understand the economy or make smarter financial decisions, this episode offers an inside look at the institutions shaping America's financial future and what it means for yours.#federalreserve Listen to the latest episode of Season 3 of my podcast Money and Wealth. Tune in this week on @BlackEffect Podcast Network via @iHeartRadio — or wherever you get your podcasts. 🎙️ Get your free financial coaching through @operationhopehq, and grab a copy of my bestselling book Financial Literacy for All 📚 And don't miss my upcoming book Capitalism for All, where I lay out a blueprint for expanding opportunity and wealth for everyone. #thefed #FinancialLiteracy #JeffSchmid #JohnHopeBryant SUBSCRIBE to get the latest Money and Wealth content: https://www.youtube.com/channel/UCCKNk9Sb3H5ueNK_X9V-3yA Listen to the Money and Wealth podcast on Apple Podcasts: https://podcasts.apple.com/gb/podcast/money-and-wealth-with-john-hope-bryant/id1729790200 Listen to the Money and Wealth podcast on Spotify: https://open.spotify.com/show/0QmV7hRqLh1vKoroxZJ5x5?si=6tuvDK8bSAuxltIqlqMnoQ Like John Hope Bryant on Facebook: https://www.facebook.com/johnhopebryantlive/ Follow John Hope Bryant on Twitter: https://twitter.com/johnhopebryant Follow John Hope Bryant on Instagram: https://www.instagram.com/johnhopebryant/?hl=en Follow John Hope Bryant on Tik Tok: https://www.tiktok.com/@johnhopebryant_ Follow Operation Hope on Twitter: https://twitter.com/OperationHOPE
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