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

Yellen Cautions Trump Against Meddling With Financial Regulations

Yellen Cautions Trump Against Meddling With Financial Regulations
Yellen Cautions Trump Against Meddling With Financial Regulations
December 15, 2024  |  Bank Regulation

Treasury Secretary Janet Yellen says the next administration should leave “critically important” financial regulations untouched. Get the Full Story Complete the form to unlock this...

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Report: Trump Transition Team Members Consider Restructuring Bank Regulatory Agencies
Report: Trump Transition Team Members Consider Restructuring Bank Regulatory Agencies
December 12, 2024  |  Bank Regulation

Members of President-elect Donald Trump’s transition team reportedly are considering making changes to some bank regulatory agencies by shrinking, consolidating or eliminating them. Get the...

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NY Fed Report Finds Consumer Optimism at Highest Level Since Pandemic
NY Fed Report Finds Consumer Optimism at Highest Level Since Pandemic
December 09, 2024  |  Economy

Consumers are more optimistic about their household financial situation than they’ve been since February 2020. Get the Full Story Complete the form to unlock this...

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Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
December 08, 2024  |  Consumer Finance

New Federal Reserve data shows American consumers’ credit card debt continuing to climb. Get the Full Story Complete the form to unlock this article and...

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Fed Beige Book: Slight Economic Growth, Rising Business Optimism
Fed Beige Book: Slight Economic Growth, Rising Business Optimism
December 04, 2024  |  Economy

PYMNTS Intelligence, through the last several months, has taken stock of where consumers are spending, and how they contend with inflation. Get the Full Story...

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Treasury Official: US Promotes Innovation and Regulatory Frameworks for Cross-Border Payments
Treasury Official: US Promotes Innovation and Regulatory Frameworks for Cross-Border Payments
November 22, 2024  |  Cross-border Payments

The U.S. is working to keep the dollar as the dominant currency in global usage at a time when new cross-border payment arrangements are emerging, Department...

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Pandemic’s Main Street Lending Program Borrowers Still Struggle With High Interest Rates
Pandemic’s Main Street Lending Program Borrowers Still Struggle With High Interest Rates
November 22, 2024  |  Loans

The Federal Reserve’s pandemic-era Main Street Lending Program reportedly had $1.23 billion in interest and principal payments in default as of Oct. 31. Get the...

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Federal Reserve Bars CEO Convicted of Embezzlement From Banking Industry
Federal Reserve Bars CEO Convicted of Embezzlement From Banking Industry
November 21, 2024  |  Cybersecurity

The Federal Reserve Board said Thursday (Nov. 21) that it prohibited Shan Hanes, a former CEO of Heartland Tri-State Bank who was convicted of embezzlement,...

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