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

Fed’s Beige Book Paints Portrait of ‘Mixed’ Consumer Spending

Fed’s Beige Book Paints Portrait of ‘Mixed’ Consumer Spending
Fed’s Beige Book Paints Portrait of ‘Mixed’ Consumer Spending
October 18, 2023  |  Economy

The latest qualitative readings on the U.S. economy show that economic activity, at best, seems stagnant. Get the Full Story Complete the form to unlock...

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Plaid Hires Former Expedia CFO Eric Hart Before IPO
Plaid Hires Former Expedia CFO Eric Hart Before IPO
October 18, 2023  |  Personnel

FinTech Plaid has appointed its first chief financial officer (CFO), a step toward a potential initial public offering (IPO). Get the Full Story Complete the form...

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Fed Will Float Reduced Debit Card Fees for Merchants
Fed Will Float Reduced Debit Card Fees for Merchants
October 18, 2023  |  Payment Methods

The Federal Reserve is reportedly ready to propose reducing debit card fees for merchants. Get the Full Story Complete the form to unlock this article...

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Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
October 17, 2023  |  CBDC

Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Get the Full Story Complete...

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LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
October 12, 2023  |  Banking

LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” Get the Full Story Complete...

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Consumers See No Inflation Relief and That Credit’s No Sure Thing
Consumers See No Inflation Relief and That Credit’s No Sure Thing
October 10, 2023  |  Economy

Inflation’s steady at the moment, on its way to ticking up … and credit’s tougher to come by. Get the Full Story Complete the form...

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Slowing Loan Growth Expected to Squeeze Big US Banks’ Profits
Slowing Loan Growth Expected to Squeeze Big US Banks’ Profits
October 09, 2023  |  Banking

The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits....

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Fed Bank Watchdog Defends New Capital Requirements
Fed Bank Watchdog Defends New Capital Requirements
October 09, 2023  |  Bank Regulation

Michael Barr wants American banks to see new capital requirements as a help, not a hinderance. Get the Full Story Complete the form to unlock this...

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