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

FedNow Details Pilot Program Participants

FedNow Details Pilot Program Participants
FedNow Details Pilot Program Participants
January 25, 2021  |  Real-Time Payments

Instant payments on the horizon — but first the pilot programs. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Today In Digital-First Banking: Goldman Sachs Taps Marqeta To Fuel Marcus Checking; X1 Card Notches $12 Million In Funding
Today In Digital-First Banking: Goldman Sachs Taps Marqeta To Fuel Marcus Checking; X1 Card Notches...
January 14, 2021  |  Banking

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup...

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Fed’s Powell: CBDC Will Be Years, Not Months, Away
Fed’s Powell: CBDC Will Be Years, Not Months, Away
January 14, 2021  |  Payment Methods

U.S. Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of the risks such...

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Fed Says Unemployment Rate Tops 20 Pct For Low-Income Workers
Fed Says Unemployment Rate Tops 20 Pct For Low-Income Workers
January 13, 2021  |  Economy

The pandemic is making disparities worse in the country’s economy, Federal Reserve Governor Lael Brainard said in a Wednesday (Jan. 13) speech, with unemployment “likely...

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Fed Report: 2020 Closes Out With Slight Economic Uptick 
Fed Report: 2020 Closes Out With Slight Economic Uptick 
January 13, 2021  |  Economy

The U.S. economy posted slight gains in the pandemic year of 2020, after closing the books on what was one of the most dismal economic...

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AmEx Faces Fed Inquiry On Business Card Sales Tactics
AmEx Faces Fed Inquiry On Business Card Sales Tactics
January 07, 2021  |  Credit Cards

Officials at the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Treasury Department are looking to see if American Express Co. (AmEx) harnessed...

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Inflation Could Be Poised To Take a Bite From Consumer Spending
Inflation Could Be Poised To Take a Bite From Consumer Spending
January 05, 2021  |  Economy

Inflation may be on the horizon, coming more quickly than many observers might assume. And when it’s here — when it’s more expensive to borrow,...

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Crypto 2020: One Step Up; Two Steps Back
Crypto 2020: One Step Up; Two Steps Back
December 24, 2020  |  Cryptocurrency

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the...

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