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 Chief: Cryptocurrencies Remain A ‘Speculative Asset,’ Much Like Gold

Fed Chief: Cryptocurrencies Remain A ‘Speculative Asset,’ Much Like Gold
Fed Chief: Cryptocurrencies Remain A ‘Speculative Asset,’ Much Like Gold
March 22, 2021  |  Cryptocurrency

Federal Reserve Chairman Jerome Powell said Monday (March 22) that cryptocurrencies are “speculative” investments, and therefore not reliable. He added that the Fed is moving...

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Fed’s Powell Says X-Border Payments One Of ‘Less Efficient’ Areas Of Financial System
Fed’s Powell Says X-Border Payments One Of ‘Less Efficient’ Areas Of Financial System
March 18, 2021  |  Payment Methods

Cross-border payments represent a big opportunity for firms worldwide — more than $120 trillion in payments volume flows each year between business trading partners globally,...

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Looking Up: Fed Says Vaccines Boost Optimistic Businesses Outlook
Looking Up: Fed Says Vaccines Boost Optimistic Businesses Outlook
March 04, 2021  |  Economy

The economy in the U.S. is looking up, business owners say, with more vaccines and better employment levels going a long way towards improving conditions,...

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Fed Money Sending System Goes Down For Hours
Fed Money Sending System Goes Down For Hours
February 24, 2021  |  Digital Payments

The Federal Reserve system allowing financial institutions (FIs) to send money back and forth was down for several hours on Wednesday (Feb. 24), CNBC reported....

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Digital Dollar Exploration Gets Backing From Treasury Secretary Yellen
Digital Dollar Exploration Gets Backing From Treasury Secretary Yellen
February 22, 2021  |  Digital Payments

Full steam ahead for the digital dollar — but no go for bitcoin as (widespread) transaction mechanism? Get the Full Story Complete the form to...

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Fed Report: Mortgage Debt Surges, Consumer Credit On The Mend
Fed Report: Mortgage Debt Surges, Consumer Credit On The Mend
February 17, 2021  |  Debt

According to a new report from the Federal Reserve, total household debt rose to $14.56 trillion in the fourth quarter of 2020, an increase of...

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Fed Official: Bitcoin Doesn’t Jeopardize The Dollar
Fed Official: Bitcoin Doesn’t Jeopardize The Dollar
February 16, 2021  |  Cryptocurrency

James Bullard, president of the Federal Reserve Bank of St. Louis, said he doesn’t see bitcoin and other digital currencies as a threat to the dollar,...

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Today In Payments: FIS Q4 Earnings Show Strength In Loyalty-Based POS Pipeline; Fiserv Q4 Earnings Make Digital-First Star
Today In Payments: FIS Q4 Earnings Show Strength In Loyalty-Based POS Pipeline; Fiserv Q4 Earnings...
February 10, 2021  |  News

In today’s top news, FIS reported earnings that showed a rise in POS loyalty programs, and Fiserv’s earnings focused on its digital products. Plus, Shopify’s...

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