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Two influential members of the Senate Banking Committee introduced legislation Friday that would subject the Federal Reserve System to greater transparency requirements. The bill from Sens. Pat Toomey, R-Pa., and Elizabeth Warren, D-Mass., would classify the Fed’s 12 regional reserve banks as federal agencies under the Freedom of Information Act and the Federal Records Act. 
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The Consumer Price Index or CPI is one of the key reports in the monthly economic calendar, providing a timely measure of inflation based on a basket of consumer goods and services. In this video, Peter Martin discusses inflation in general and why traders pay so much attention to the CPI report. Test and practice
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Algorithmic stablecoins have had a rough year, starting with TerraUSD (UST) depegging to zero and the subsequent blow-up of Terra’s LUNA token, which was used for the asset’s backing. Algorithmic stablecoins are not fully collateralized and rely on different mechanisms to maintain their peg to a fiat currency, making them inherently fragile during market volatility. 
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Rational expectations is a basic economic theory that originated with a paper written in 1972 by future Nobel Prize-winning economist Robert Lucas. The theory of rational expectations has been discussed by economists non-stop ever since. “Theory of rational expectations holds that people are aware of and act upon available information, making forecasts that are more
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The House Select Subcommittee on the Coronavirus Crisis released its final report on Friday before Republicans take control of the House in the next upcoming Congress, providing new findings on how the Trump administration’s actions negatively impacted the U.S. response. The report from the Democratic-led subcommittee, chaired by Rep. Jim Clyburn (S.C.), highlighted the Trump
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Some commonly used medications are in shortage due to supply chain issues, according to the U.S. Food and Drug Administration (FDA). Here are the four most common drugs that are in short supply right now and how you can cope, if you are affected by it.1. Albuterol Sulfate Inhalational Solution Albuterol is an inhalant used
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Donald Trump is up in arms about Brittney Griner's release from a Russian prison in exchange for convicted Russian Arms dealer Viktor Bout. Granted, the former president has severalreasons to beangry these days but he's full-on steamingat the Biden-Kremlin deal that brought the WNBA star home after ten months.Thetwo-time Olympic Gold Medalistwhohad been playing for
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Broker-dealers concerned about increasingly complex compliance issues may benefit from a new strategic alliance formed between the Bond Dealers of America and the Regional Fixed Income Best Practices Group, which was formerly known as the Regional Municipal Operations Association.  “The RFIBPG is now a division of the BDA, similar to the BDA’s Bond Pricing Institute,”
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