Growing up, many are made aware of the mythical creature known as the one-horned horse: the unicorn. It is an elegant creature, in fact, as far as we know, nonexistent. Similarly, in the world of business, very large companies valued at $1 billion or more are labeled “unicorns.” They are few and rare (at least once upon a time) and last year was predicted to be the biggest year of unicorn discovery in United States history. What was once deemed a mythical creature has been brought to life.
The future of the United States economy is unpredictable, and its savior lies in the hands of the Federal Reserve. The Federal Reserve, also known as “The Fed,” is the watchdog of the U.S. economy; its purpose is to oversee and protect the U.S. economy. Dangers exist just as threatening as enemies like the Great Recession and the Great Depression that have occurred in the history of our economy. Although not formally known as the “Central Bank of the United States,” it serves the exact same purpose and is deliberately established free and separate of Washington’s grid of politics.