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

GOP Senators Oppose Raskin for Fed Job, Block Vote

GOP Senators Oppose Raskin for Fed Job, Block Vote
GOP Senators Oppose Raskin for Fed Job, Block Vote
February 15, 2022  |  Legal & Regulation

Republicans in the Senate have blocked a vote on some of President Biden’s Federal Reserve nominees, The Wall Street Journal reported Tuesday (Feb. 15), as...

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FinTech Reserve Trust Founder Says Fed Nominee Raskin Allegations ‘Completely False’
FinTech Reserve Trust Founder Says Fed Nominee Raskin Allegations ‘Completely False’
February 13, 2022  |  Legal & Regulation

Sarah Bloom Raskin, a Biden nominee for the Fed’s top banking position, has the co-founder of Reserve Trust defending her over charges that she’s had...

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Fed Nominee Raskin Denies Role in FinTech Reserve Trust Fed Master Account
Fed Nominee Raskin Denies Role in FinTech Reserve Trust Fed Master Account
February 10, 2022  |  Legal & Regulation

Sarah Bloom Raskin, President Biden’s pick for Federal Reserve bank supervisor, is in hot water over her revolving door roles between the government and private...

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Boston Fed Names University of Michigan Provost as Bank President, CEO
Boston Fed Names University of Michigan Provost as Bank President, CEO
February 09, 2022  |  Personnel

The Federal Reserve Bank of Boston has announced its next leader is Susan M. Collins, according to a press release Wednesday (Feb. 9). Get the...

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FDIC Chair Calls Stablecoins a Top Concern as NY Fed Calls Them Unnecessary
FDIC Chair Calls Stablecoins a Top Concern as NY Fed Calls Them Unnecessary
February 08, 2022  |  Cryptocurrency

Heading into an important hearing later Tuesday morning (Feb. 8) by the House Financial Services Committee about the President’s Working Group on Financial Services recent...

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A CBDC in the US Will Take Years, but Some Benefits May Come Earlier 
A CBDC in the US Will Take Years, but Some Benefits May Come Earlier 
February 07, 2022  |  CBDC

Anyone hoping the Federal Reserve Board would shed light on the future of the digital dollar in its highly anticipated white paper in January was...

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Fed Nominee Raskin Faces Grilling From GOP Lawmakers
Fed Nominee Raskin Faces Grilling From GOP Lawmakers
February 03, 2022  |  Legal & Regulation

It was a tough day for Sarah Bloom Raskin, who has been president’s pick to hold a key post at the Federal Reserve Board. Get...

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Fed Paper Finds Stablecoin Risks Are Manageable, and Come With Rewards
Fed Paper Finds Stablecoin Risks Are Manageable, and Come With Rewards
February 01, 2022  |  Cryptocurrency

In a new paper on the potential uses and dangers of stablecoins, Federal Reserve researchers come to a fairly clear conclusion that the safest way...

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