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: Factory Output Rises, Car Production up 7.8%

Fed: Factory Output Rises, Car Production up 7.8%
Fed: Factory Output Rises, Car Production up 7.8%
April 15, 2022  |  Economy

U.S. factory production rose by 0.9% in March, marking the third consecutive month of gains, Bloomberg reported Friday (April 15). Get the Full Story Complete...

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Michel Barr Will Get Nominee Nod From Biden to Fill Fed Banking Role
Michel Barr Will Get Nominee Nod From Biden to Fill Fed Banking Role
April 15, 2022  |  Bank Regulation

Former Obama Treasury official Michel Barr is expected to get an official nomination from President Joe Biden to fill the role of vice chairman of...

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Non-Bank Players Find Themselves At Center of Expanding CBDC Debate
Non-Bank Players Find Themselves At Center of Expanding CBDC Debate
April 13, 2022  |  CBDC

A growing school of thought says there is an important role for non-bank payments services providers in central bank digital currency (CBDC) design. Get the...

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Ex-Treasury Official Michael Barr is Frontrunner to Police Banks at Fed
Ex-Treasury Official Michael Barr is Frontrunner to Police Banks at Fed
April 13, 2022  |  Legal & Regulation

Former Treasury official Michael Barr is President Joe Biden’s leading contender to serve as the vice chairman of banking supervision for the Federal Reserve, according...

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Inflation’s Torrid Rise Hammers Lower Income Consumers, Payments Firms Dependent on Them
Inflation’s Torrid Rise Hammers Lower Income Consumers, Payments Firms Dependent on Them
April 12, 2022  |  Economy

The latest inflation data, showing a relentless rise, does not bode well for lower income consumers. Get the Full Story Complete the form to unlock...

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Economists Increase Chances of Recession to 28%
Economists Increase Chances of Recession to 28%
April 11, 2022  |  Economy

Economists are forecasting that there is a 28% probability that the country could fall into a recession sometime during the next 12 months, up from...

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Bank Deposits to See 80-Year Decline as Consumers Move Cash Stockpiles
Bank Deposits to See 80-Year Decline as Consumers Move Cash Stockpiles
April 11, 2022  |  Banking

U.S. banks might see deposits decrease for the first time in several decades, The Wall Street Journal wrote Sunday (April 10). Get the Full Story...

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Yellen Speech on Crypto Calls for New, Faster Payments System
Yellen Speech on Crypto Calls for New, Faster Payments System
April 07, 2022  |  Cryptocurrency

Even though there will be no policy bombshells in Treasury Secretary Janet Yellen’s first speech focused entirely on digital assets, the need to build better...

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