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

Biden Considering Sarah Bloom Raskin to Take Top Fed Banking Spot

Biden Considering Sarah Bloom Raskin to Take Top Fed Banking Spot
Biden Considering Sarah Bloom Raskin to Take Top Fed Banking Spot
December 28, 2021  |  Legal & Regulation

The Biden administration is considering former Fed governor Sarah Bloom Raskin for a top position at the Federal Reserve. Get the Full Story Complete the...

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Rep. Maxine Waters Calls for Freeze on Huge Bank M&A Deals While Reviews Are Pending
Rep. Maxine Waters Calls for Freeze on Huge Bank M&A Deals While Reviews Are Pending
December 12, 2021  |  Partnerships

Rep. Maxine Waters has called on the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC)...

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Regulators Focus on Crypto, Hoping to Avoid Another Post-Crisis Reckoning
Regulators Focus on Crypto, Hoping to Avoid Another Post-Crisis Reckoning
December 07, 2021  |  Cryptocurrency

In its Semiannual Risk Perspective report, the Office of the Comptroller of the Currency (OCC) elevated digital assets in the banking sector to one of...

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As Crypto Firms’ Ambitions Grow, so Do Calls for SPDI Charters
As Crypto Firms’ Ambitions Grow, so Do Calls for SPDI Charters
December 02, 2021  |  Cryptocurrency

Having been hailed as the first crypto-friendly senator, Wyoming’s Cynthia Lummis lived up to that role on Dec. 1, asking her Republican colleagues to block...

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Innovation Center Launch Could Advance US Digital Currency
Innovation Center Launch Could Advance US Digital Currency
November 30, 2021  |  CBDC

An innovation hub will help the U.S. central banking system advance the process of implementing digital currency, Federal Reserve Chair Jerome Powell said, according to...

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White House Mulling Former CFPB Director Richard Cordray as Fed Banking Regulator
White House Mulling Former CFPB Director Richard Cordray as Fed Banking Regulator
November 30, 2021  |  Bank Regulation

President Joe Biden is weighing whether to nominate attorney and former Consumer Financial Protection Bureau Richard Cordray as the Federal Reserve’s top banking regulator, people...

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Fed’s Debt Data Report Signals Pressures for Paycheck-to-Paycheck Consumers
Fed’s Debt Data Report Signals Pressures for Paycheck-to-Paycheck Consumers
November 09, 2021  |  Credit Cards

In the United States, we’re wielding the plastic — or the digital versions of it, at least — more than we have in quite some...

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Federal Reserve Debuts Website, Tools in Advance of FedNow, Instant Payments Launch
Federal Reserve Debuts Website, Tools in Advance of FedNow, Instant Payments Launch
October 20, 2021  |  Real-Time Payments

The Federal Reserve has rolled out new resources to offer education, preparation and ecosystem innovation for instant payments, according to a Wednesday (Oct. 20) press...

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