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

Lawmakers Ask Fed to Speed up CBDC Project

Lawmakers Ask Fed to Speed up CBDC Project
Lawmakers Ask Fed to Speed up CBDC Project
August 08, 2022  |  CBDC

A bipartisan group of lawmakers wants the Federal Reserve to speed efforts to issue a digital dollar and thus prevent countries like China from endangering...

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US Ponders Tougher Regs for Regional Banks, Muddling Merger Deals
US Ponders Tougher Regs for Regional Banks, Muddling Merger Deals
August 07, 2022  |  Legal & Regulation

Regulators in the U.S. are looking into whether big regional banks should be required to add to the debt buffer that helps them in times...

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NY Fed: Household Debt Tops $16T in Q2
NY Fed: Household Debt Tops $16T in Q2
August 02, 2022  |  Debt

Total household debt has increased to $16.2 trillion in the second quarter of 2022, up $312 billion in the past three months and $2 trillion...

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Consumer Spending Surges as Inflation Eats Away at Household Budgets
Consumer Spending Surges as Inflation Eats Away at Household Budgets
July 29, 2022  |  Economy

Consumer spending climbed 1.1% in June with higher fuel and food costs amid 40-year record high inflation that is continuing to eat away at paychecks...

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Inflation, Consumer Spending Dominate Earnings, Fed’s Focus
Inflation, Consumer Spending Dominate Earnings, Fed’s Focus
July 27, 2022  |  Economy

The great softening is upon us. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Fed Says FedNow, Instant Invoices Put Control in Payers’ Hands
Fed Says FedNow, Instant Invoices Put Control in Payers’ Hands
July 27, 2022  |  Real-Time Payments

2023 will be a transformative year for financial services, marked by a new addition to the world of instant payments, Bernadette Ksepka, vice president and...

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Today in Crypto: Bitcoin Dips 3.5% Ahead of Expected Fed Rate Hike; Mexican Exchange Bitso Hits 1M Users
Today in Crypto: Bitcoin Dips 3.5% Ahead of Expected Fed Rate Hike; Mexican Exchange Bitso...
July 25, 2022  |  Cryptocurrency

Despite the Chicago Board of Options Exchange’s volatility index showing a lack of investor anxiety ahead of the Federal Reserve rate increase, bitcoin was down...

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Will Rising Interest Rates Damage Stablecoins?
Will Rising Interest Rates Damage Stablecoins?
July 25, 2022  |  Cryptocurrency

By and large, stablecoins get used the most for crypto trading — and at least until recently, they’ve also been seen as a good way...

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