> Why would the Board of Governors at the Federal Reserve care about corporate shareholders? > According to a 2020 Gallup poll, 55% of Americans reported ownin

> Why would the Board of Governors at the Federal Reserve care about corporate shareholders? > According to a 2020 Gallup poll, 55% of Americans reported owning stocks, either through individual stock purchases, mutual funds, or retirement accounts. This is down slightly from the high of 65% in 2007, but still represents a majority of the population. The population has a portion of their retirement portfolios exposed to U.S. equities? > When a company's stock price is down, executives may face pressure from shareholders to improve performance, which can lead to cost-cutting measures such as layoffs or reduced compensation for employees. Additionally, if the stock market is not healthy (aka down), corporate executives probably aren't giving employees bonuses/raises and probably aren't going on a hiring spree. aka, if the stock is down, more unemployment, more wages not keeping up with inflation