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

Federal Reserve Bans Six Bankers for COVID-19 Loan Fraud

Federal Reserve Bans Six Bankers for COVID-19 Loan Fraud
Federal Reserve Bans Six Bankers for COVID-19 Loan Fraud
April 05, 2022  |  Cybersecurity

The Federal Reserve on Tuesday (April 5) banned six former bank employees, including two who had previously worked in Bank of America Corp.’s wealth management...

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ECB, Fed, BoE Work on an Interoperable CBDC
ECB, Fed, BoE Work on an Interoperable CBDC
March 31, 2022  |  CBDC

In a speech before the European Parliament on Wednesday (March 30), Fabio Panetta, member of the board of the European Central Bank (ECB), said that...

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With Routing Number, Crypto Exchange Kraken’s Bank Closing in On Global Payments Rails
With Routing Number, Crypto Exchange Kraken’s Bank Closing in On Global Payments Rails
March 28, 2022  |  Cryptocurrency

The banking arm of cryptocurrency exchange Kraken is one step closer to gaining full access to the global payments system. Get the Full Story Complete...

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Fed, Bank of England Lead Charge for Global DeFi Regulations
Fed, Bank of England Lead Charge for Global DeFi Regulations
March 24, 2022  |  Legal & Regulation

Decentralized finance is a growing threat to economic stability that must be reined in and regulated by international cooperation. Get the Full Story Complete the...

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Inflation, Interest Rates Straining Consumers’ Brand Loyalty
Inflation, Interest Rates Straining Consumers’ Brand Loyalty
March 16, 2022  |  Economy

Today is the day the Fed is expected to raise interest rates for the first time since 2018 amid a 40-year inflation spike — a combination...

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Sarah Bloom Raskin Withdraws as Biden’s Pick for Top Fed Banking Regulator
Sarah Bloom Raskin Withdraws as Biden’s Pick for Top Fed Banking Regulator
March 15, 2022  |  Legal & Regulation

Sarah Bloom Raskin, the Biden administration’s nominee for  most powerful banking regulator seat, has withdrawn her nomination Tuesday (March 15) after months of turmoil and...

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White House Crypto Executive Order Ignites Digital Dollar Debate
White House Crypto Executive Order Ignites Digital Dollar Debate
March 10, 2022  |  CBDC

If you support creating a digital dollar, there’s a lot to be happy about in President Joe Biden’s Wednesday (March 9) executive order on the...

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FedNow’s Progress on Instant Payments May Weaken Case for Digital Dollar
FedNow’s Progress on Instant Payments May Weaken Case for Digital Dollar
March 09, 2022  |  Real-Time Payments

Deciding whether to create a digital dollar was a key part of an executive order President Joe Biden announced Wednesday morning (March 9) to create...

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