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’s Kashkari Advocates For New Lockdown

Fed’s Kashkari Advocates For New Lockdown
Fed’s Kashkari Advocates For New Lockdown
August 09, 2020  |  Economy

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and Dr. Michael Osterholm, director of the Center for Infectious Disease Research and Policy at...

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Today In Payments: Trump Bans WeChat; Uber Counters Ridesharing Slump With Delivery Double-Up
Today In Payments: Trump Bans WeChat; Uber Counters Ridesharing Slump With Delivery Double-Up
August 07, 2020  |  News

In today’s top news, Tencent’s stock dropped 10 percent after President Trump banned WeChat, and Uber reported earnings rooted in delivery revenue. Plus, U.S. household...

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Fed Says America Needs Instant Payments As Soon As Possible
Fed Says America Needs Instant Payments As Soon As Possible
August 07, 2020  |  Payments Innovation

For the Federal Reserve, real-time payments will take time — three or four years’ time, to be specific. Get the Full Story Complete the form...

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Fed Says FedNow On Track For 2023-24 Rollout
Fed Says FedNow On Track For 2023-24 Rollout
August 06, 2020  |  Payments Innovation

The Federal Reserve Board on Thursday (Aug. 6) announced details of a 24/7 year-round interbank settlement service to accelerate the time it takes to process...

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Bitcoin Daily: Crypto Exchange Bitfinex Puts Up $400M Reward For Stolen Bitcoin; New US Federal Reserve Policy Could Boost Bitcoin Prices
Bitcoin Daily: Crypto Exchange Bitfinex Puts Up $400M Reward For Stolen Bitcoin; New US Federal...
August 04, 2020  |  Bitcoin

Bitfinex announced a reward for anyone who can put the cryptocurrency exchange in touch with the hackers who made a transfer of nearly 120,000 bitcoins...

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Banks Toughen Lending Requirements For Consumers, Businesses
Banks Toughen Lending Requirements For Consumers, Businesses
August 04, 2020  |  Loans

Banks are increasing their standards for loans to businesses and households, according to the Fed’s latest Senior Loan Officer Opinion Survey on Bank Lending Practices. Get...

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Fed Chair Powell: Economic Recovery Depends On Success In Controlling Pandemic
Fed Chair Powell: Economic Recovery Depends On Success In Controlling Pandemic
July 29, 2020  |  Economy

Federal Reserve Chair Jerome Powell said Wednesday (July 29) that the road to economic recovery is “extraordinarily uncertain” and will be heavily influenced by how...

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New Report: How FIs Are Finding Fraudsters Wherever They May Hide
New Report: How FIs Are Finding Fraudsters Wherever They May Hide
July 24, 2020  |  Fraud Prevention

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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