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

Powell: US SMBs Need ‘Direct Fiscal Support’ Not Loans

Powell: US SMBs Need ‘Direct Fiscal Support’ Not Loans
Powell: US SMBs Need ‘Direct Fiscal Support’ Not Loans
September 21, 2020  |  SMBs

Federal Reserve chairman Jerome Powell is set to tell lawmakers that U.S. small businesses may need “direct fiscal support,” rather than more loans, the Financial...

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Experts See Financial Pain As COVID Aid Wanes
Experts See Financial Pain As COVID Aid Wanes
September 21, 2020  |  Economy

The failure of lawmakers to agree on additional COVID-19 relief has left some policy experts including Federal Reserve Chairman Jerome H. Powell worried that the...

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Fed Moves To Revamp Community Reinvestment Act
Fed Moves To Revamp Community Reinvestment Act
September 21, 2020  |  Legal & Regulation

The Federal Reserve Board on Monday (Sept. 21) took the first step toward overhauling the regulations that affect banks’ lending in economically challenged areas. Get...

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Fed Chair: Labor Market Recovery Has Long Way To Go
Fed Chair: Labor Market Recovery Has Long Way To Go
September 17, 2020  |  Economy

Federal Reserve Board Chairman Jerome Powell said the U.S. labor market has a long way to go to meet the central bank’s maximum employment goal....

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An Instant Disbursement Fix For Microbusinesses’ Cash Flow Pains
An Instant Disbursement Fix For Microbusinesses’ Cash Flow Pains
September 17, 2020  |  Disbursements

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Fed’s Rosengren: Even With Positive Job Numbers, US In ‘Significant Recession’
Fed’s Rosengren: Even With Positive Job Numbers, US In ‘Significant Recession’
September 04, 2020  |  Economy

Despite a better than expected job report, Boston Federal Reserve President Eric Rosengren told CNBC a full recovery is impossible until COVID-19 is under control....

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Fed’s Brainard: Additional Stimulus Required To Counter Pandemic Effects
Fed’s Brainard: Additional Stimulus Required To Counter Pandemic Effects
September 01, 2020  |  Economy

A Federal Reserve governor said Tuesday (Sept. 1) that the central bank has to launch initiatives “in coming months” to assist the economy in surmounting...

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US Corporations Owe Creditors Record $10.5T In Debt
US Corporations Owe Creditors Record $10.5T In Debt
September 01, 2020  |  Debt

The pandemic has fueled a record $10.5 trillion debt owed to creditors by U.S. corporations, 30 times the debt of 50 years ago, MarketWatch reported,...

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