Introduction to U.S. Economy: Monetary Policy
The Federal Reserve (Fed), the nation’s central bank, is responsible for monetary policy. This In Focus explains how monetary policy works. Typically, when the Fed wants to stimulate the economy, it m...
The FERS Cost-of-Living-Adjustment (COLA) and the Equal COLA Act (H.R. 491 and S. 624)
The Equal COLA Act was introduced in the 119th Congress as H.R. 491 on January 16, 2025, and as S. 624 on February 18, 2025. This bill, which has also been introduced in prior Congresses, would make c...
Introduction to U.S. Economy: Inflation
What Is Inflation?
Inflation is defined as a general increase in the price of goods and services across the economy, or, in other words, a general decrease in the value of money. Conversely, deflation...
Introduction to Financial Services: Banking
Banks serve an important role in the financial system and the broader economy. They accept deposits, make loans, and facilitate payments. Economic output would be lower if, instead of banks, businesse...
Introduction to Financial Services: Environmental, Social, and Governance (ESG) Issues
Environmental, social, and governance (ESG) issues remain a highly debated concept among investors and public policy officials. As ESG is not a legally defined term and it encompasses a wide array of ...