1.Given that currently inflation runs at about 4% annual rate (compared to the 2% target inflation rate), and the fact that Fed has been raising the interest rates for more than one year n0w, why some economists argue that the Fed should not stop now raising interest rates despite the turbulence in the commercial banking sector?

2.What is the function of commercial banks? Why the Fed, that prints/mint the money, does not lend it directly through its own branches, but, instead, they lend it to commercial banks (Primary dealers) and then the commercial banks to lend it to businesses and consumers? What is the role of commercial banks in the financial system? Why is it important for economic activity to have a sound commercial banking system?