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

White House Economic Report Shifts Stance on Crypto From Neutral to Negative
White House Economic Report Shifts Stance on Crypto From Neutral to Negative
March 23, 2023  |  Cryptocurrency

It’s increasingly looking like the fed is trying to put the crypto sector to bed. This, as a new report authored by the White House Council...

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PSCU CEO Says Consumer Trust in Credit Unions Remains Resilient
PSCU CEO Says Consumer Trust in Credit Unions Remains Resilient
March 23, 2023  |  Credit Unions

Not too long ago, Main Street America did not know Silicon Valley Bank existed. But now they’ve watched a series of bank runs in real...

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Fed’s Nod to Credit Tightening Portends Tough Times for Paycheck-to-Paycheck Economy
Fed’s Nod to Credit Tightening Portends Tough Times for Paycheck-to-Paycheck Economy
March 22, 2023  |  credit frictions

Another Fed meeting, another interest rate hike … and more trouble ahead for paycheck-to-paycheck consumers and small to midsize businesses (SMBs). The central bank boosted...

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Sen. Ted Cruz Introduces Bill Prohibiting Fed From Developing CBDC
Sen. Ted Cruz Introduces Bill Prohibiting Fed From Developing CBDC
March 22, 2023  |  CBDC

Bills opposing a central bank digital currency (CBDC) in the U.S. have been introduced at both the federal and state level. Sen. Ted Cruz, R-Texas,...

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SVB Collapse Raises Knotty Questions About the Overseers and the Overlooked
SVB Collapse Raises Knotty Questions About the Overseers and the Overlooked
March 22, 2023  |  Regulation

Hindsight is always 20/20 — and, in the rearview mirror, the Silicon Valley Bank collapse was obvious to see. Big bank. Dominant player/big fish in...

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Bipartisan Bill Would Create Independent Inspector General for Federal Reserve
Bipartisan Bill Would Create Independent Inspector General for Federal Reserve
March 22, 2023  |  Regulation

A bipartisan bill aims to create an independent inspector general to oversee the Federal Reserve. Introduced Wednesday (March 22) by Sens. Rick Scott and Elizabeth...

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Pacific Western Bank Bolsters Liquidity and Reports Deposit Stability
Pacific Western Bank Bolsters Liquidity and Reports Deposit Stability
March 22, 2023  |  Banking

Pacific Western Bank has bolstered its liquidity after its deposits dipped 20% over three months. The subsidiary of PacWest Bancorp has borrowed $3.7 billion from...

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Tassat Will Provide FedNow Access Through Client-Facing API
Tassat Will Provide FedNow Access Through Client-Facing API
March 22, 2023  |  B2B Payments

Tassat Group will provide access to FedNow through its client-facing application programming interface (API). When the Federal Reserve launches the FedNow real-time payments rail, Tassat’s...

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Aiming for Stability, Bank Deposit Guarantees May Be No Guarantee
Aiming for Stability, Bank Deposit Guarantees May Be No Guarantee
March 21, 2023  |  Banking

These past few weeks made it seem like everything happened, everywhere, all at once, to the banking system. And in a signal as to just...

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