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

Jobs Number Shows Trade War Hitting Home?
Jobs Number Shows Trade War Hitting Home?
June 07, 2019  |  Economy

The headline numbers are these: The latest jobs report shows that 75,000 jobs were created in the United States last month. A slew of economists, as...

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Visa CEO Throws Shade On Real-Time Payments
Visa CEO Throws Shade On Real-Time Payments
May 30, 2019  |  VISA

There’s a need for speed in payments, supposedly — but how much speed is enough? Get the Full Story Complete the form to unlock this...

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Millions Of Americans Have Nothing Saved For Retirement
Millions Of Americans Have Nothing Saved For Retirement
May 24, 2019  |  Economy

The job market may be strong and wages may be increasing, but scores of workers in the U.S. have little in the way of savings...

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Shadow Banking Casts Shadows Over Economic Heavyweights
Shadow Banking Casts Shadows Over Economic Heavyweights
May 22, 2019  |  B2B Payments

The U.S. and China have begun to concern some economists with record levels of corporate debt. However, when U.S. Federal Reserve Chairman Jerome Powell spoke...

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Fed Chairman Weighs In On Corporate Debt Risk
Fed Chairman Weighs In On Corporate Debt Risk
May 22, 2019  |  B2B Payments

Federal Reserve Chairman Jerome Powell offered his thoughts on rising corporate debt levels in the U.S. and abroad just weeks after the Fed released its...

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US Credit Card Rates Hit All-Time High
US Credit Card Rates Hit All-Time High
May 17, 2019  |  Consumer Finance

Americans are now paying the highest level ever on credit card interest rates — and that could have a negative impact on consumer spending and...

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CFPB To Review Fed’s 2009 Overdraft Rule
CFPB To Review Fed’s 2009 Overdraft Rule
May 13, 2019  |  CFPB

The Consumer Financial Protection Bureau (CFPB) announced that is reviewing the Federal Reserve‘s overdraft protection rule to find out if it “should be amended or...

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Fed Seeks Comment On New Operating Hours For Fedwire Funds
Fed Seeks Comment On New Operating Hours For Fedwire Funds
May 10, 2019  |  Banking

The Federal Reserve has released a request for comment on potential changes to its National Settlement Service (NSS) and Fedwire Funds Service, as well as...

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Federal Reserve Voices Concern Over Corporate Debt
Federal Reserve Voices Concern Over Corporate Debt
May 08, 2019  |  B2B Payments

Record levels of corporate debt in the U.S. have caught the attention of the Federal Reserve. According to Reuters on Tuesday (May 7), the Fed released...

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