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 Expects GDP To End Year Slightly Higher; Predicts 4.2 Pct Growth In 2021

Fed Expects GDP To End Year Slightly Higher; Predicts 4.2 Pct Growth In 2021
Fed Expects GDP To End Year Slightly Higher; Predicts 4.2 Pct Growth In 2021
December 16, 2020  |  Economy

The Federal Reserve has upped its expectations for the end-of-year forecast, now predicting that the real gross domestic product (GDP) will fall by only 2.4...

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US Household Worth Reaches All-Time High Of $123 Trillion
US Household Worth Reaches All-Time High Of $123 Trillion
December 11, 2020  |  Economy

The net worth of U.S. households rose 3.2 percent in the third quarter to $123.52 trillion, as stock portfolios and real estate prospered, according to...

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Fed’s Quarles Says Banks Should Be Encouraged To Increase Lending
Fed’s Quarles Says Banks Should Be Encouraged To Increase Lending
December 02, 2020  |  Loans

Are federal regulations putting a damper on bank lending amid the pandemic-driven downturn, or are bankers simply being too cautious? Get the Full Story Complete...

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Mnuchin, Powell See Need For More SMB Stimulus Amid Economic Risks
Mnuchin, Powell See Need For More SMB Stimulus Amid Economic Risks
December 01, 2020  |  Economy

Several programs aimed at extending emergency funding to businesses and governments are ending — but we’re not out of the woods yet, according to Capitol...

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Biden Eyes Leaders With TIAA, Facebook And Google Ties For Economic Team
Biden Eyes Leaders With TIAA, Facebook And Google Ties For Economic Team
November 29, 2020  |  Economy

President-elect Joe Biden is weighing naming two of the highest-ranking Black leaders in finance to top roles in his administration — TIAA CEO Roger Ferguson...

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Fed’s Rosengren Looks To Second Half Of 2021 For ‘Robust Growth’
Fed’s Rosengren Looks To Second Half Of 2021 For ‘Robust Growth’
November 11, 2020  |  Economy

Federal Reserve Bank of Boston President Eric Rosengren said he doesn’t think the next few months will be necessarily easy on the economy in spite...

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As Lenders Tighten Standards, Defaults On The Horizon?
As Lenders Tighten Standards, Defaults On The Horizon?
November 11, 2020  |  Banking

Amid the continued grappling with the economic headwinds of the coronavirus, lenders are navigating choppy waters — but defaults may loom. Get the Full Story...

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Philly Fed Chief: Workers Need New Skills For Economic Growth
Philly Fed Chief: Workers Need New Skills For Economic Growth
November 10, 2020  |  Economy

Job retraining and new skill sets are necessary in order to promote economic growth in the U.S., Patrick Harker, president of the Federal Reserve Bank...

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