The K-Shaped Recovery
A K-shaped recovery describes the situation where performance for different parts of the economy goes in different directions. In this case, one part goes up while another part goes down, diverging like the arms of the letter K. Currently, the vertical line of the K is the starting point – when the U.S. economy shut […]
The Key Objectives for the Federal Reserve
Also known as the Fed, the Federal Reserve was established in 1913 to act as the central banking system for the United States after a series of financial crises at the beginning of the century. It is an independent organization that reports to Congress for oversight, and it’s three key objectives are to stabilize prices, […]
