Nominal GDP targeting would allow the central bank to balance price stability and maximum employment more effectively.

After climbing for the past couple of years, CD rates have been slowly declining in 2024. CD rates tend to track the federal funds ... supply lines due to Covid-19—paired with an increase in ...

While it doesn't interact directly with individuals, the Fed ensures they can deposit a check, use a debit card, and transfer funds ... rates are a function of the demand for, and supply of ...