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

Lawmakers Want The Fed To Run US Faster Payments Rails

Lawmakers Want The Fed To Run US Faster Payments Rails
Lawmakers Want The Fed To Run US Faster Payments Rails
July 24, 2019  |  Real-Time Payments

To reinforce the Federal Reserve’s authority to create a real-time payments system and mandate that the Fed brings about its own process, two U.S. representatives...

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Commercial Paper Surge Signals Corporates’ Economic Doubt
Commercial Paper Surge Signals Corporates’ Economic Doubt
July 19, 2019  |  Economy

Corporate treasurers and chief financial officers are on the defensive, issuing short-term commercial paper at their fastest pace since 2011, according to reports in Bloomberg...

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Fed Chairman Calls For Libra Freeze; Bitcoin Slumps
Fed Chairman Calls For Libra Freeze; Bitcoin Slumps
July 11, 2019  |  Cryptocurrency

The chairman of the U.S. Federal Reserve called for a stop to Libra, Facebook’s proposed cryptocurrency, until the project better demonstrated how it was going...

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Fed’s Powell Shares Libra Concerns With US Lawmakers
Fed’s Powell Shares Libra Concerns With US Lawmakers
July 10, 2019  |  Facebook / Meta

The Chairman of the Federal Reserve Jerome Powell spoke to a congressional committee on Wednesday (July 10) about the organization’s concerns with Facebook’s proposed cryptocurrency...

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Revolving Credit Balances Rise 5 Pct In May
Revolving Credit Balances Rise 5 Pct In May
July 08, 2019  |  Economy

The debt balances climb ever higher. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Jobs Report Shows Unemployment Near Record Low
Jobs Report Shows Unemployment Near Record Low
July 05, 2019  |  Economy

The U.S. economy added 224,000 jobs in June, which is the best gain since the start of the year, and the unemployment rate is near...

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Facebook Says Libra Could Lead To Credit, Financial Services
Facebook Says Libra Could Lead To Credit, Financial Services
June 27, 2019  |  Facebook / Meta

Libra could be just the beginning for Facebook. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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Global Regulators Circle Libra’s Crypto Wagon
Global Regulators Circle Libra’s Crypto Wagon
June 26, 2019  |  Facebook / Meta

Two more financial regulators have warned that they won’t allow Facebook’s planned cryptocurrency, Libra, to launch without looking at it closely. The international Financial Stability...

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