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

AmEx Faces Fed Inquiry On Business Card Sales Tactics

AmEx Faces Fed Inquiry On Business Card Sales Tactics
AmEx Faces Fed Inquiry On Business Card Sales Tactics
January 07, 2021  |  Credit Cards

Officials at the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Treasury Department are looking to see if American Express Co. (AmEx) harnessed...

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Inflation Could Be Poised To Take a Bite From Consumer Spending
Inflation Could Be Poised To Take a Bite From Consumer Spending
January 05, 2021  |  Economy

Inflation may be on the horizon, coming more quickly than many observers might assume. And when it’s here — when it’s more expensive to borrow,...

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Crypto 2020: One Step Up; Two Steps Back
Crypto 2020: One Step Up; Two Steps Back
December 24, 2020  |  Cryptocurrency

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the...

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Fed Expects GDP To End Year Slightly Higher; Predicts 4.2 Pct Growth In 2021
Fed Expects GDP To End Year Slightly Higher; Predicts 4.2 Pct Growth In 2021
December 16, 2020  |  Economy

The Federal Reserve has upped its expectations for the end-of-year forecast, now predicting that the real gross domestic product (GDP) will fall by only 2.4...

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US Household Worth Reaches All-Time High Of $123 Trillion
US Household Worth Reaches All-Time High Of $123 Trillion
December 11, 2020  |  Economy

The net worth of U.S. households rose 3.2 percent in the third quarter to $123.52 trillion, as stock portfolios and real estate prospered, according to...

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Fed’s Quarles Says Banks Should Be Encouraged To Increase Lending
Fed’s Quarles Says Banks Should Be Encouraged To Increase Lending
December 02, 2020  |  Loans

Are federal regulations putting a damper on bank lending amid the pandemic-driven downturn, or are bankers simply being too cautious? Get the Full Story Complete...

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Mnuchin, Powell See Need For More SMB Stimulus Amid Economic Risks
Mnuchin, Powell See Need For More SMB Stimulus Amid Economic Risks
December 01, 2020  |  Economy

Several programs aimed at extending emergency funding to businesses and governments are ending — but we’re not out of the woods yet, according to Capitol...

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Biden Eyes Leaders With TIAA, Facebook And Google Ties For Economic Team
Biden Eyes Leaders With TIAA, Facebook And Google Ties For Economic Team
November 29, 2020  |  Economy

President-elect Joe Biden is weighing naming two of the highest-ranking Black leaders in finance to top roles in his administration — TIAA CEO Roger Ferguson...

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