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

Bank Regulators Warn That Traditional Rules Also Apply to AI

Bank Regulators Warn That Traditional Rules Also Apply to AI
Bank Regulators Warn That Traditional Rules Also Apply to AI
June 06, 2022  |  Bank Regulation

Financial regulators have yet to publish a comprehensive set of artificial intelligence (AI)-related rules, as most of the efforts have focused so far on guidelines...

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Fed’s Waller Says Crypto Regs Protect ‘Society’
Fed’s Waller Says Crypto Regs Protect ‘Society’
June 05, 2022  |  Cryptocurrency

Federal Reserve Governor Christopher Waller has said greater crypto asset regulation would help everyone, rather than just keeping rich people from losing money, Reuters wrote...

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Fed Paper: Retail CBDCs Can Lead to Decline in Bank Balances
Fed Paper: Retail CBDCs Can Lead to Decline in Bank Balances
June 03, 2022  |  CBDC

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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NY Fed’s Williams Says Digital Money May Impact Policy
NY Fed’s Williams Says Digital Money May Impact Policy
June 01, 2022  |  Legal & Regulation

New York Federal Reserve President John Williams said developing digital currency and payment technology could impact how the Fed works with monetary policy and does...

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CBDC Weekly: Fed Promises Digital Dollar Won’t Cut Out Banks; PayPal Would Support CBDC
CBDC Weekly: Fed Promises Digital Dollar Won’t Cut Out Banks; PayPal Would Support CBDC
May 31, 2022  |  CBDC

Fed: Digital dollar won’t cut out banks Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Fed’s Vice Chair Tells Banks: Digital Dollar Won’t Cut You Out
Fed’s Vice Chair Tells Banks: Digital Dollar Won’t Cut You Out
May 27, 2022  |  CBDC

A federally issued digital dollar will not cut banks out of the banking system. Get the Full Story Complete the form to unlock this article...

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CBDCs Give Central Bankers Control When Cash Isn’t King Anymore
CBDCs Give Central Bankers Control When Cash Isn’t King Anymore
May 26, 2022  |  CBDC

Much has been made of the need for a digital dollar as a way of reinforcing the U.S. dollar’s role as the world’s reserve currency,...

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Today in TechREG: Fed’s Vice Chair Tells Congress Benefits of US CBDC; CFPB Questions Credit Card Data Practices
Today in TechREG: Fed’s Vice Chair Tells Congress Benefits of US CBDC; CFPB Questions Credit...
May 26, 2022  |  Legal & Regulation

Today in TechREG, Lael Brainard, vice chair of the Federal Reserve, on Thursday (May 26) told Congress in a hearing about the benefits and risks...

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