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

US Debt Swells In Battle Against COVID-19 — And Bumps Lie Ahead

US Debt Swells In Battle Against COVID-19 — And Bumps Lie Ahead
US Debt Swells In Battle Against COVID-19 — And Bumps Lie Ahead
June 12, 2020  |  Economy

In girding for battle, it’s critical to stock up on supplies, on weapons. Get the Full Story Complete the form to unlock this article and...

READ MORE >
Experts Tell Congress It’s Time To Create A ‘Digital Dollar’
Experts Tell Congress It’s Time To Create A ‘Digital Dollar’
June 12, 2020  |  Digital Payments

Trillions of dollars in federal COVID-19 stimulus payments are being disbursed through paper checks, prepaid debit cards and direct deposit — not very streamlined conduits...

READ MORE >
Federal Reserve Expands Main Street Lending Program For SMBs
Federal Reserve Expands Main Street Lending Program For SMBs
June 08, 2020  |  Economy

Answering the call to provide more help for small- and medium- sized businesses (SMBs), the Federal Reserve Board has made adjustments to its Main Street...

READ MORE >
Fed To Launch Main Street Lending Program For Mid-Sized Companies
Fed To Launch Main Street Lending Program For Mid-Sized Companies
June 04, 2020  |  B2B Payments

The Federal Reserve will launch the Main Street Lending Program, which is geared toward mid-sized businesses, this week. By contrast, the Paycheck Protection Program (PPP)...

READ MORE >
Atlanta Fed: Real GDP Estimated To Fall 52.8 Pct In Q2
Atlanta Fed: Real GDP Estimated To Fall 52.8 Pct In Q2
June 02, 2020  |  Economy

Real gross domestic product (GDP) is projected to plummet 52.8 percent in the second quarter, according to the Federal Reserve Bank of Atlanta’s GDPNow as...

READ MORE >
Fed Data: The U.S. Economy Is Reopening, But Not Rebounding
Fed Data: The U.S. Economy Is Reopening, But Not Rebounding
May 27, 2020  |  Economy

Reopening? Yes, the U.S. economic reopening is just beginning. But as for a rebound, we’ll have to wait — and it’s anyone’s guess how long....

READ MORE >
NY’s Transit Authority Wants To Use Fed’s New Loan Initiative
NY’s Transit Authority Wants To Use Fed’s New Loan Initiative
May 21, 2020  |  Loans

New York’s Metropolitan Transit Authority (MTA) is seeking permission to borrow from the Federal Reserve’s $500 billion Municipal Liquidity Facility (MLF) due to coronavirus-related troubles,...

READ MORE >
NY Fed: Negative Interest Rates ‘Not The Right Tool’ For Recovery
NY Fed: Negative Interest Rates ‘Not The Right Tool’ For Recovery
May 21, 2020  |  Economy

New York Federal Reserve Bank President John Williams said economic data is likely to be worse as the impact of COVID-19 becomes clearer, Reuters reported....

READ MORE >