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

Treasury Official: No Hurry for US to Adopt Digital Dollar
Treasury Official: No Hurry for US to Adopt Digital Dollar
December 21, 2022  |  CBDC

A leading U.S. Treasury official says the digital dollar could still be years away. U.S. regulators must first determine whether a central bank digital currency...

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International Money Transfer Firm Wise Launches New Savings Product
International Money Transfer Firm Wise Launches New Savings Product
December 15, 2022  |  emea

International money transfer company Wise has launched a new savings product. Launched in the U.K. on Thursday (Dec. 15), the new “Interest” product lets Wise...

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Consumers See Higher, Longer Inflation Than Government – Why That Matters
Consumers See Higher, Longer Inflation Than Government – Why That Matters
December 12, 2022  |  Economy

PYMNTS’ national study of 13,250 U.S. consumers over the last seven months may tell policymakers everything they need to know about inflation expectations: consumers think...

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FedNow Forms Request for Payment Working Group
FedNow Forms Request for Payment Working Group
December 08, 2022  |  Faster Payments

An industry working group will encourage adoption of request for payment (RFP) functionality. Formed by the Federal Reserve ahead of the launch of the FedNow...

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Senators Ask Regulators About Bank-Crypto Firm Ties
Senators Ask Regulators About Bank-Crypto Firm Ties
December 08, 2022  |  Cryptocurrency

Two senators are asking regulators about links between banks and cryptocurrency firms.  In letters sent Wednesday (Dec. 7) to the heads of the Federal Reserve...

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NY Fed, Top Banks Test ‘Watershed’ Digital Dollar Project
NY Fed, Top Banks Test ‘Watershed’ Digital Dollar Project
December 07, 2022  |  CBDC

A group of large banks is preparing to test a shared digital asset settlement platform. According to the announcement, the study is set to take...

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Boston Fed Study Ties Kids to Consumption During Economic Downturns
Boston Fed Study Ties Kids to Consumption During Economic Downturns
December 06, 2022  |  Economy

Despite the holiday cheer, American consumers are growing increasingly anxious about the economy. It’s gotten to the point where even those consumers whose wages and...

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CE 100 Gains 3.1% as Tencent Leads Payment Names Higher
CE 100 Gains 3.1% as Tencent Leads Payment Names Higher
December 05, 2022  |  Connected Economy

Connected economy names surged as investors cheered signs of resilient consumer spending. To that end, the CE 100 Index outpaced the broader markets, gaining 3.1%...

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A Tiny Washington Bank’s Crypto Entanglements Add to FTX Mystery
A Tiny Washington Bank’s Crypto Entanglements Add to FTX Mystery
December 02, 2022  |  Cryptocurrency

As has often been the story at FTX, nothing really adds up. Given the lack of clarity surrounding the events that led to the cryptocurrency...

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