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

New York Fed Begins Search For Next President

New York Fed Begins Search For Next President
New York Fed Begins Search For Next President
January 03, 2018  |  B2B Payments

The New York Federal Reserve has begun its search for its next president to follow outgoing Chief William Dudley. According to reports in Bloomberg Markets,...

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Bitcoin Down In First Day Of New Year Trading
Bitcoin Down In First Day Of New Year Trading
January 03, 2018  |  Bitcoin

The decline in the value of bitcoin carried into 2018, with the cryptocurrency down in trading on Tuesday (Jan. 2), marking the first time the...

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Short Bitcoin Contracts Increase
Short Bitcoin Contracts Increase
January 03, 2018  |  Bitcoin

Net short bitcoin contracts surged in the week of trading kicking off on Dec. 26, as investors bet the bitcoin futures traded on the Cboe...

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CFPB Releases Its Consumer Credit Report Card
CFPB Releases Its Consumer Credit Report Card
December 28, 2017  |  CFPB

December 2017 is something of an anniversary for Americans – though one they probably don’t like to celebrate. Get the Full Story Complete the form...

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Number Of Remote Card Payments Rose 16.6 Percent Last Year
Number Of Remote Card Payments Rose 16.6 Percent Last Year
December 22, 2017  |  Payment Methods

Credit card payments jumped sharply from 2015 to 2016, surpassing all other types of card payments, the Federal Reserve said in a new report on...

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Sen. Warren Slams CFPB’s Plan To Revisit Enforcement Actions
Sen. Warren Slams CFPB’s Plan To Revisit Enforcement Actions
December 19, 2017  |  Legal & Regulation

The Federal Reserve reported Monday (Dec. 18) that it would repeal Regulation C, a regulation pertaining to home mortgage disclosures, and is proposing to limit...

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Fed’s Quarles To Recuse Himself From Anything Wells Fargo
Fed’s Quarles To Recuse Himself From Anything Wells Fargo
December 17, 2017  |  Bank Regulation

The Federal Reserve’s vice chair who is in charge of policing Wall Street, Randal Quarles, said late last week he is recusing himself from anything...

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Why The Amazon Effect Complicates The Fed’s Interest Rate Decisions
Why The Amazon Effect Complicates The Fed’s Interest Rate Decisions
December 12, 2017  |  Amazon

The ability and tendency of the average American consumer to hit the web to purchase goods or at least research them and their price has...

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