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

Goldman Sachs Reveals Multi-Agency Credit Card Probe
Goldman Sachs Reveals Multi-Agency Credit Card Probe
February 27, 2023  |  Bank Regulation

A federal investigation into Goldman Sachs’ credit card business has apparently expanded. The Wall Street giant revealed last year that the Consumer Financial Protection Bureau (CFPB)...

READ MORE >
Two Candidates Reportedly Leading in Consideration for Fed Vice Chair
Two Candidates Reportedly Leading in Consideration for Fed Vice Chair
February 23, 2023  |  Politics

Two candidates are reportedly leading in consideration for vice chair of the Federal Reserve. Bloomberg reported Thursday (Feb. 23) that Harvard University professor Karen Dynan...

READ MORE >
Chicago Fed’s Austan Goolsbee May Replace Lael Brainard as Fed Vice Chair
Chicago Fed’s Austan Goolsbee May Replace Lael Brainard as Fed Vice Chair
February 15, 2023  |  Personnel

Austan Goolsbee is reportedly being considered as the next vice chair of the Federal Reserve. Goolsbee, who was named president of the Federal Reserve Bank...

READ MORE >
G20 Nations Consider Collaboration to Regulate Crypto
G20 Nations Consider Collaboration to Regulate Crypto
February 12, 2023  |  Cryptocurrency

The world’s 20 biggest economies are considering whether they could jointly regulate cryptocurrencies. India’s Finance Minister Nirmala Sitharaman, whose country is this year’s head of...

READ MORE >
Fed Governor: Banks Must Remain ‘Safe and Sound’ Around Crypto
Fed Governor: Banks Must Remain ‘Safe and Sound’ Around Crypto
February 10, 2023  |  Cryptocurrency

Banks must approach crypto customers in the same “safe and sound” manner they generally employ. So said Federal Reserve Board Governor Christopher Waller while speaking Friday (Feb. 10) at a Global...

READ MORE >
The Four Cracks in the Crypto Business Model
The Four Cracks in the Crypto Business Model
February 10, 2023  |  Cryptocurrency

The four horsemen of the crypto apocalypse are currently trampling over the sector’s 2023 aspirations. This, as the post-FTX digital asset landscape finds itself facing...

READ MORE >
JPMorgan CEO Warns High Prices May Continue
JPMorgan CEO Warns High Prices May Continue
February 09, 2023  |  Economy

The head of America’s biggest bank said the battle against inflation may not be over. J.P. Morgan Chase CEO Jamie Dimon warned that the Federal...

READ MORE >
Cash Use and Crypto Fears Have Countries Turning to CBDCs
Cash Use and Crypto Fears Have Countries Turning to CBDCs
February 08, 2023  |  CBDC

The way people pay for things is changing as the nature of money itself transforms. Fearing they may one day be left behind as digital,...

READ MORE >
Finzly Launches API Giving Developers Access to FedNow Service
Finzly Launches API Giving Developers Access to FedNow Service
February 08, 2023  |  Faster Payments

Finzly now enables developers at platforms, FinTechs and financial institutions to access the FedNow Service. The banking and payment technology firm, which is a pilot...

READ MORE >