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 Nominee Raskin Denies Role in FinTech Reserve Trust Fed Master Account

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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US Chamber of Commerce Questions Past Statements of Fed Nominee Raskin
US Chamber of Commerce Questions Past Statements of Fed Nominee Raskin
January 30, 2022  |  Legal & Regulation

The U.S. Chamber of Commerce has concerns about a Biden nominee for the top banking supervisor at the Federal Reserve, Sarah Bloom Raskin, because she’s...

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This Week in CBDCs: Fed Notes Downside of Digital Coins; Iran and Japan Show Interest
This Week in CBDCs: Fed Notes Downside of Digital Coins; Iran and Japan Show Interest
January 28, 2022  |  CBDC

This week in central bank digital currencies (CDBCs), the Federal Reserve sounds a note of caution about a nationwide digital currency, while Japan and Iran...

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