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

The Lures – And Challenges – Of Central Bank Digital Currencies

The Lures – And Challenges – Of Central Bank Digital Currencies
The Lures – And Challenges – Of Central Bank Digital Currencies
October 09, 2020  |  Cryptocurrency

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the...

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Americans Pull Back On Credit Card Borrowing
Americans Pull Back On Credit Card Borrowing
October 07, 2020  |  Economy

Americans cut their credit card balances in August for the sixth consecutive month, the Federal Reserve System reported Wednesday (Oct. 7). Get the Full Story...

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Fed Chief Warns More Spending Needed To Keep Recovery Rolling
Fed Chief Warns More Spending Needed To Keep Recovery Rolling
October 06, 2020  |  Economy

With another coronavirus relief package stalled in Congress, Federal Reserve Chair Jerome Powell is warning of “tragic” consequences if the federal government fails to provide...

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Today In Payments: Amazon One Lets Consumers Pay By Hand; Stripe Heads $12M Funding Round For PayMongo
Today In Payments: Amazon One Lets Consumers Pay By Hand; Stripe Heads $12M Funding Round...
September 29, 2020  |  News

In today’s top news, Amazon introduces pay-by-hand tech to its Amazon Go stores, and payments platform PayMongo raises $12 million. Plus, 70 percent of businesses...

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Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens
Fed Consumer Finance Survey Reveals Online Banking Usage, (Slightly) Higher Debt Burdens
September 29, 2020  |  Economy

The Fed’s latest Survey of Consumer Finances might come with a caveat: The data measure a period that may seem long ago and far away...

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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars
Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars
September 25, 2020  |  Cryptocurrency

Digital dollars could make the leap from concept to reality, but there might be a few ways to get there. Get the Full Story Complete...

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Boston Fed Chief Warns Of US Credit Tightening; Calls For More Aid
Boston Fed Chief Warns Of US Credit Tightening; Calls For More Aid
September 23, 2020  |  Economy

The U.S. economy could face a credit crunch as the weather gets colder if the coronavirus worsens, experts warn, Reuters reported. Get the Full Story...

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Bitcoin Daily: MicroStrategy CEO Says Bitcoin Is ‘Less Risky’ Than Cash; Police Probe Indian Crypto Exchange In $272K Theft
Bitcoin Daily: MicroStrategy CEO Says Bitcoin Is ‘Less Risky’ Than Cash; Police Probe Indian Crypto...
September 22, 2020  |  Bitcoin

The CEO of a Virginia-based software firm claimed that the Federal Reserve’s easing of its inflation approach was a factor in his decision to convert...

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