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

More Stimulus Is Needed To Strengthen Economy, Fed’s Brainard Says

More Stimulus Is Needed To Strengthen Economy, Fed’s Brainard Says
More Stimulus Is Needed To Strengthen Economy, Fed’s Brainard Says
October 21, 2020  |  Economy

A top Fed official is warning more stimulus spending will be needed in order to turn a “K-shaped recovery” in the United States into one...

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Fed Chair Powell Urges Thorough Vetting Of Central Bank Digital Currencies
Fed Chair Powell Urges Thorough Vetting Of Central Bank Digital Currencies
October 19, 2020  |  Cryptocurrency

Federal Reserve Board Chair Jerome Powell sounded a cautionary note on Monday (Oct. 19) on the bank’s potential rollout of a digital currency. Get the...

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Today In Payments: Central Banks Frame Criteria For Digital Currency; Amazon India Gets $95.5M For Festive Season
Today In Payments: Central Banks Frame Criteria For Digital Currency; Amazon India Gets $95.5M For...
October 09, 2020  |  News

In today’s top news, the Federal Reserve and seven central banks are collaborating on a framework for digital currency, and Amazon India prepares for its...

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The Lures – And Challenges – Of Central Bank Digital Currencies
The Lures – And Challenges – Of Central Bank Digital Currencies
October 09, 2020  |  Cryptocurrency

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the...

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Americans Pull Back On Credit Card Borrowing
Americans Pull Back On Credit Card Borrowing
October 07, 2020  |  Economy

Americans cut their credit card balances in August for the sixth consecutive month, the Federal Reserve System reported Wednesday (Oct. 7). Get the Full Story...

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Fed Chief Warns More Spending Needed To Keep Recovery Rolling
Fed Chief Warns More Spending Needed To Keep Recovery Rolling
October 06, 2020  |  Economy

With another coronavirus relief package stalled in Congress, Federal Reserve Chair Jerome Powell is warning of “tragic” consequences if the federal government fails to provide...

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Today In Payments: Amazon One Lets Consumers Pay By Hand; Stripe Heads $12M Funding Round For PayMongo
Today In Payments: Amazon One Lets Consumers Pay By Hand; Stripe Heads $12M Funding Round...
September 29, 2020  |  News

In today’s top news, Amazon introduces pay-by-hand tech to its Amazon Go stores, and payments platform PayMongo raises $12 million. Plus, 70 percent of businesses...

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Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens
Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens
September 29, 2020  |  Economy

The Fed’s latest Survey of Consumer Finances might come with a caveat: The data measure a period that may seem long ago and far away...

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