federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Source: federalreserve.gov

Will Supreme Court Rulings Keep Federal Regulators in Court?
Will Supreme Court Rulings Keep Federal Regulators in Court?
July 17, 2024  |  Legal

When the U.S. Supreme Court overturned its own 40-year-old ruling in the LoperBright Enterprises v. Raimondo case on June 28 — in what has come...

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Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
Trending: Banking Execs Warn House Financial Services Hearing of Regulatory ‘Ambiguity’
July 12, 2024  |  Bank Regulation

Prudent regulation is needed in helping to define the risks and rewards in emerging partnerships between financial institutions and banks — but current regulatory efforts...

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Report: Interpol Scam Crackdown Puts Focus on Online Payments Security
Report: Interpol Scam Crackdown Puts Focus on Online Payments Security
July 09, 2024  |  Security & Fraud

Interpol — short for the International Criminal Police Organization — may be familiar to readers as a staple of spy and action movies … where...

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Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
July 08, 2024  |  Consumer Finance

Consumers were not shy about loading up on the cards in May. The latest data from the Federal Reserve, released Monday (July 8), show that...

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Could Mixed Inflation Expectations Predict A Spending Slowdown?
Could Mixed Inflation Expectations Predict A Spending Slowdown?
July 08, 2024  |  Economy

A bumpy but generally downward path for inflation — and the prices paid for all manner of goods — may pressure consumers to pull back...

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Everything You Probably Didn’t Know About Bank Holidays
Everything You Probably Didn’t Know About Bank Holidays
July 04, 2024  |  Banking

July 4th is one of the 11 bank holidays observed in the United States. And yet: Though the branches may be closed, the digital channels...

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Synapse Trustee Fights to Retain Crucial Data
Synapse Trustee Fights to Retain Crucial Data
July 03, 2024  |  Legal

The Synapse bankruptcy case had another court hearing on Wednesday (July 3), this one with consumers testifying to their financial losses and another status report...

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Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy
Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy
July 02, 2024  |  artificial intelligence

The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said...

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New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
July 02, 2024  |  Economy

Since the start of the pandemic, PYMNTS Intelligence has tracked the real impact of inflation, as real wages, adjusted for price increases, have failed to...

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