Inflation Fighter
What’s being done to keep the American economy running smoothly? Who’s keeping watch over things like the employment rate and purchasing power? Does anyone care about the average citizen’s standard of living? In other words, who is the sheriff in town? “What is still bothersome is we haven’t achieved price stability,” said Mary C. Daly, the President and CEO of the Federal Reserve Bank of San Francisco (FRB-SF). She defined price stability as simply: “it’s when people don’t have to worry about inflation.” She identified this as the core mission of the FRB, which “as we all know, has come […]
Global Emission Trends
As North Americans sweat through another hotter-than-average summer, observers are asking, “How close are the nations to meeting the emissions reduction goals of the 2015 Paris Agreement?” China is “the leading driver of renewable energy deployment, with record-breaking investments in solar, wind, and electric vehicles,” according to a recent report from the Centre for Economic Policy Research (CEPR), an economic think-tank. “China’s total emissions stood at 15.3 GtCO2e, but they may peak already in 2025 as its coal consumption is expected to decrease. Its success in transitioning toward carbon neutrality will significantly shape global emissions trends, making it a key […]