With the COVID 19 effects still being felt, the Federal Reserve has been pivotal in stabilizing the US economy. The new US administration came into office faced with an enormous task: to contain the pandemic's effect and revive the economy. The Federal Reserve is a vital element in these efforts as it controls the country's monetary sector. Because of the pandemic, the Federal Reserve put measures into place to ensure the economy survived these challenging times.

Under President Biden's administration, the Federal Reserve is set to enjoy a fruitful and cordial relationship with the government. This change will be most welcome after the institution suffered a rocky relationship with the former President, Donald Trump. A good working relationship will go a long way in executing monetary policies and implementing strategies for the economy's good. Even as the pandemic is still affecting the country's economy, collaborative efforts between the administration and the Feds will be crucial. Certainly, a good relationship between the two will ensure the economy is revived, and the unemployment rate goes down.

To combat the Covid -19 effects, President Biden recently proposed a bill to congress to provide Americans with a relief package, mainly the $1400 stimulus disbursement. The Federal Reserve has spent over $2.3 trillion since the pandemic struck, and this number might continue rising depending on how long the pandemic will last. President Biden's administration knows just how important the Federal Reserve is, especially during these turbulent times. Incumbent presidents often overlook key Federal Reserve appointments; however, this is not the case with President Biden. Why? Because one of the most impactful functions of the Federal Reserve is determining interest rates at which banks borrow money. The new President is alive to this fact.

Just consider: If the Federal Reserve hikes the rates at which banks borrow from each other, its effects will be felt throughout the economy since business loans and mortgage interest rates will rise. Therefore, the Federal Reserve must maintain low rates to ensure the country's economy recovers from COVID 19. The Federal Reserve under Biden's administration is pushing to increase the circulation of money in the US economy. It has prioritized purchasing treasury bonds for over $78 billion per month and mortgage-backed securities for some $39 billion per month; this will be the situation for the foreseeable future.

The Biden administration is also pushing hard for the vaccination of Americans against the Covid-19 virus. Through the Federal Reserve, Biden is seeking a $160 billion package to fund a national vaccination drive, expand testing activities, and hire more healthcare professionals. These funds will help in reviving the economy, as the Federal Reserve chair recently stated. To distribute the vaccine more effectively, the Federal Reserve will have to cough up more funds, even as reports of a second strain of COVID 19 around many parts of the world emerge. The government needs to carry out the vaccination exercise faster to accelerate the reopening of the economy.

In addition to the economic revival pressure, other factors such as climate change and racial equity in America are vital challenges for the Biden administration. This challenge has prompted the Federal Reserve to take act on its own. Regarding climate change, the Federal Reserve has given directives to overseas banks to provide climate change provisions during their stress tests. Further, the Fed has joined the Network for Greening the Financial System. Treasury and the Fed have also begun to align their activities to be more efficient; things have mostly become better under the Biden administration. In fact, the two significant institutions are now pooling efforts to ensure the economy recovers from COVID 19.

Overall, President Biden's stimulus bill was passed recently, and it immediately sparked fears – within some quarters-of fueling inflation in the country. However, Federal Reserve chief Jerome Powell has disputed these claims. The senior official has stated that the stimulus package's cost would be low for the economy, and inflation is unlikely to occur in the long run. Unemployment rates are currently high, and this aid from the government will help many citizens who lost their jobs ever since the pandemic began. Further, the International Monetary Fund (IMF) has also stated that the stimulus package aid will not fuel inflation. Economists, too, agree with these projections. Many have noted the national GDP will recover the over 3% lost in 2020 by 2023; Pundits project that the country's GDP will surge ahead by four to six times thanks to the stimulus package.

The US and China's relationship took a significant hit, especially after the COVID 19 eruption. Under President Trump's administration, the two nation's relations faced a tumultuous time. Trump's tariffs ban on China's $360 Billion worth of goods made the two countries further sever ties. The outbreak of the COVID 19 from Wuhan, China, didn't help the situation. Well, the new administration has much work to rebuild the ties.

President Biden's government has a promising outlook on repairing this relationship. Biden's Climate Change envoy John Kerry has stated that the US and China's cooperation remain one of the President's primary goals. The new administration has assumed office and will now deal with a cold war between the US and China; repairing this relationship may not be easy.

The Trump government's leniency on the tariff ban was a crucial instrument that defined the Sino-US relationship. President Biden could do away with the tariff bans, but this might come at an expense-he might be seen as too lenient on China. Under Trump's administration, many American's perceptions of China significantly changed. Further, China itself increasingly became anti-American.

Since the outbreak of COVID 19, China has been reluctant to share information about the virus's outbreak. This secrecy did not go down well with the Trump administration. As a result, Trump withdrew funding from the World Health Organization (WHO). According to the government, this withdrawal was caused by the feeling that WHO was being lenient to China regarding the latter's handling of the pandemic. The withdrawal further made US-China ties to become unfavorable. It's, therefore, imperative for Biden's administration to repair this conflict between the US and WHO.

Over the years, China's economy has emerged to become one of the world's largest. Today, it's the world's fastest-growing economy, with a growth rate of over 9% in thirty years. Many businesses worldwide have established their production lines and factories in China; this has made the country an economic superpower. The US has noticed China's rising power; this will continue to be a significant factor in the two countries' relationship into the future.

Think of President Trump's Huawei ban; this was a crucial aspect that will determine future US-China relations. The Trump administration banned the Chinese Huawei Company in May 2019 on accusations of using its smartphones to spy on other countries. This ban sparked a conversation on how China may have been using Huawei to spy on Americans. Even if there was no proof, the ban remains a crucial element in US-China relations beyond 2020. Since Trump has left office, it will be interesting to see how President Biden's administration approaches this and other issues. Of course, even as Huawei pushes for talks with Biden's administration, it will undoubtedly benefit both countries to develop a workable solution for this dispute.

In February 2021, President Biden's phone call with China's President XI Jinping signified a step in the right direction in this slow brewing conflict. Biden raised concerns about China's unfair economic undertakings. Also, he spoke about China's human rights abuse in Xinjiang. Biden's unwavering stance during the conversation underscored the US' conviction on its strict policies on China.

On the other hand, The Global Times, a Chinese newspaper, provided a different stance. The newspaper expressed the strategic implications the US might face if it continued with its tough stance on China, as signified by the call. The two countries are not backing down from this conflict, but the good news is that President Biden and Xi Jinping have begun a dialogue; this is certainly essential.

As the year progresses, experts are optimistic that US-China relations will improve. President Biden may not use his predecessor's aggressive stance, but it does not mean he'll allow China to have the upper hand against the US. In fact, the ban on China's tariffs might be used for strategic purposes by the new administration. The new President might use it to renegotiate terms of trade between the two countries. Biden's administration has clearly expressed how the tariff ban was flawed, and this will be the basis of the renegotiations with China in the future.

Further, the Chinese government's treatment of the Uighur people has become a bone of contention in US-China relations. The US State Department even expressed its concerns on China's treatment of the Uighur community, a minority in China. President Biden's administration will have to factor in these genocide reports from China, even as the two countries try to repair their stormy relationship. Overall, the Sino-US future relationship seems bright.

Located in the famous financial district of Manhattan, Wall Street is a renowned collection of investment banks, hedge fund institutions, and security traders who dictate the financial industry in America and the world. Today, Wall Street and the banking industry go hand in hand as they involve the financial sector's ABCs. Moreover, Wall Street and banking provide complementary services to each other, especially in investment banking. Investment banking describes a situation where an organization offers consultancy services and capital mobilization for individuals and companies.

Generally, many businesses often want to issue new securities to the public or raise capital for Wall Street's business. Investment bankers make this possible by offering the services. Many investment banks have headquarters in Wall Street, making the two become part and parcel of each other. Usually, investment banks profit by buying securities using their own resources and then selling them to other businesses.

Investment banks in Wall Street also provide other businesses with services such as corporate strategy and risk management.JP Morgan Stanley is one of the biggest investment banks in the US. The bank offers risk management to other Wall Street stakeholders, such as banks and hedge funds. Generally, Hedge fund companies are a significant component of Wall Street; they rely much on banks for their operations. Hedge funds collect investors' pools of funds and then use financial strategies to profit off the fund investments. To store vast amounts of cash, hedge funds rely on banking institutions to own numerous bank accounts in several banks. This mutual benefit of the banks and Wall Street institutions is essential since it fosters both industries' growth.

The New York Stock Exchange is found within Wallstreet; hence many banking institutions have moved their headquarters near this location. Companies looking to enlist in the New York Stock Exchange will deploy the services of banks near Wall Street, as such banks have the technical know-how needed to push businesses into the stock exchange platform. Wall Street is a critical location landmark for banks as well as companies since they mutually benefit.

Interestingly, the new Cryptocurrency wave has also hit Wall Street with a boom. More firms have begun investing in the latest technological ingenuity.JP Morgan Stanley bank has gone further to develop its digital currency. The digital currency development will have a long-lasting effect on Wall Street and the banking industry at large. Further, more banks have begun to fund initial coin offerings (ICO) to Wall Street firms; this is only the beginning. Hedge funds are always looking for methods to make significant returns on their investments. The invention of JP Morgan Stanley's digital currency will make this more common among Wallstreet institutions. Notably, more banks will be inclined to lend investment banks the necessary cash to invest in digital currencies.

Wall Street also provides essential financial advice to the banking industry; the opposite is also true. Generally, banks consult widely from Wall Street heavyweights on the state of the market, promising companies, and potential new markets for the future. Of course, such advice enables banks to know which industries are viable for investment and the best companies that will offer superb lending returns. Banks can also provide business evaluation advice to companies, mainly involving mergers and acquisitions. After a certified business evaluator does an evaluation, the banks' secondary opinion is crucial since the institutions often deduce different outcomes than those of an outside evaluator.

The banking industry has developed technological solutions which have made businesses in Wall Street more efficient. Innovations such as mobile banking have made life more comfortable. Wall Street companies have been able to adopt these new technologies for their operations. Also, online banking has been a crucial tool, especially for hedge funds. Certainly, hedge funds can now make instant transactions with their banks, and things have never been easier. Moreover, Banking as a service (Baas) tool has enabled Wall Street firms enter the fintech space and provide their services under ordinary banks' regulations.

Wallstreet provides the banking industry with business, primarily through the raising of capital. Tech companies during the tech burst enabled banks to make a lot of money. Wallstreet made this possible through the trading of shares and stocks. There's no doubt that Wall Street's financial insurance services have become a booming business for most banks. As banks become more innovative in their portfolios, Wallstreet companies will be the most significant customers of such innovative products. Overall, insurance covers such as composite insurance (that protect hedge funds) are essential since they help secure these businesses.

How many languages can you speak? Are you proficient in one, two, four or ten languages? Yes, there are people who can speak ten languages fluently. They are gifted and have a way with a mastery of languages in a manner that few would. Researchers have variously reported that knowledge of local languages can give a foreign resident much impetus and advantages that work for better social bonding.

Do you know why multicultural people are the most happy, cause it's good to mix things up!

It is always obvious that the knowledge of a second or third language can have tangible benefits on one's career prospects. In some cases, it can even influence a person's chances of getting hired. The US is, notably, built on factors like immigration. For these reasons, a considerable portion of the country's population is known to speak English only as a second language. It would be interesting to discover which are the most popular languages spoken in the US today.

Let us find out:

English

English is generally considered as the national language in the US. It is obvious that this is the most widely spoken language, not only in America, but the whole world. English always occupies the top position in the sectors of business, the academia and tourism. Moreover, it has become an essential tool of creating significant business connections everywhere in the world. If you want to benefit to the maximum with your stay in the US, it is essential to have an extensive mastery of the English language.

Spanish

After English, there is a big demand for the use of Spanish language as a subsidiary means of communication. The main reason is that the US shares a border with both Central and Latin America. It does not, therefore, come as surprise that this is the case. The most interesting thing is: There are now more speakers of the Spanish language in America than there are in Spain itself. A report by the New York Post newspaper indicated that there are over 41 million people who are native speakers of the Spanish language, and who live in the US. The report indicated that another 11.6 million people are bilingual speakers of this language.

A US Census Office report suggests that, soon, there will be about 138 million speakers of the Spanish language in the United States. This makes America to be the world's largest nation with a Spanish speaking population. About one-third of the nation's population is, therefore, Spanish-speaking, this being their mother-tongue.

The US states of California and Florida have the largest population of Spanish-speaking people. You will, however, find many Spanish-speaking peoples scattered all over the United States. For this reason, if you stay in the country, even for a short while, it is important to have a little knowledge of the language; just to keep you going.

Chinese

Almost three million people in America speak one type of the Chinese dialect. This includes Cantonese, Mandarin and other languages native to China. There is no doubt that China is rapidly becoming a world trading superpower. The country is increasingly having more and more connections with many peoples of the world. When you visit some of the more famous US cities, including New York, San Francisco and Los Angeles, one of the most prominent features there is the availability of a large colony of Chinese -speaking peoples who are residents. Interestingly, this situation is replicated in many other countries, away from the USA. As China's superpower status gets boosted daily, the Chinese language is equally gaining ground and spreading like bush-fire. Of course, the USA is mere microcosm of this.

Tagalog

Tagalog is a language whose history and tradition can be traced away to the Philippines. Tagalog is spoken by a little more than 1.5 million people in the USA. The number of people who speak Tagalog in the US has actually tripled in the last thirty years. Surprisingly, this figure has even surpassed the growth rate of such leading languages as French and Vietnamese.

Vietnamese

Despite the phenomenal rise of other languages in the US, the Vietnamese language has also had a significant increase in recent years. By last 2018, there were about 4.5 million people speaking Vietnamese in the entire US.

French

From the year 1980, there was a 28% increase in the number of people who speak French in America. Moreover, Canada boasts of hosting the largest colony of people speaking French. The largest colony of these people today reside in the Canadian province of Quebec and other nearby cities. The North-Eastern states have the largest single settlement of this population. One possible reason for this is the influence of the French-Canadian population that lurks somewhere in the immediate neighborhood.