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October 20, 2023

Monetary Policy
What Is the U.S. Federal Reserve?

Over the past decade, the Fed kept interest rates low while it deployed trillions of dollars in stimulus and expanded its regulatory oversight. Now, the central bank is back in the spotlight for its …

A stone bald eagle perches on the Federal Reserve building in Washington, DC.

July 19, 2023

United States
The Dollar: The World’s Reserve Currency

The dollar’s role as the primary reserve currency for the global economy allows the United States to borrow money more easily and impose painful financial sanctions. Other countries are beginning to …

Three $1 bills lie on top of one another, filling the frame.

June 21, 2023

Infrastructure
How U.S. Aviation Infrastructure Works

Civil aviation plays a crucial role in the U.S. transportation network and economy. Ongoing turbulence from the COVID-19 pandemic, underinvestment in infrastructure, and climate change are clouding i…

Passengers look through airport windows at the tarmac.

December 30, 2005

Palestinian Territories
Hamas’ Role in the Palestinian Elections

This publication is now archived. IntroductionHamas is expected to poll strongly in Palestinian parliamentary elections scheduled for January 25, 2006. Hamas, whose charter calls for the destruction …

April 21, 2006

Global
The World Bank and Corruption

A decade after the World Bank mounted its first anticorruption campaign, the impact appears to have been minimal. Paul Wolfowitz, the bank’s new president, is seeking to reinvigorate the effort. But …