Let’s consider two of the most important of the Fed’s duties: supervision and monetary policy. As a bank supervisor, the Fed oversees a number of financial firms such as bank holding companies, state chartered banks within the Federal Reserve System, and foreign branches of member banks. Although the Fed isn’t the only bank supervisor out there, it plays a key role as supervisor of these institutions. The U.S. needs some monetary policy. The government has chosen to allow the Fed conduct monetary policy with significant independence, directing it to achieve two objectives: price stability and full employment.
Most electric car charging is done at night. A grid powered mostly by renewable energy might not be able to meet demand, but there is a solution.
Sigmund Freud developed the decidedly unscientific principles of psychoanalysis in a time when most psychologists were trying to join the ranks of chemists and medical doctors.
The Big Bang is commonly misunderstood, warping our understanding about the Universe’s size and shape.
Expressing gratitude encourages others to continue being generous, promoting a cycle of goodness.