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’s Powell Says He Won’t Try To Ban Crypto

Fed’s Powell Says He Won’t Try To Ban Crypto
Fed’s Powell Says He Won’t Try To Ban Crypto
September 30, 2021  |  Cryptocurrency

Jerome Powell, Federal Reserve chair, has clarified previous comments about cryptocurrency, saying he doesn’t want to ban the digital currency, a Bloomberg video says. Get...

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BIS Says Central Banks Risk Playing CBDC Catch Up Game
BIS Says Central Banks Risk Playing CBDC Catch Up Game
September 12, 2021  |  Payment Methods

There’s always deep debate about how best to promote innovation in the tech space – particularly when it comes to payments. Get the Full Story...

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Early US GDP Forecast Puts Q3 Rate At 5.7 Pct
Early US GDP Forecast Puts Q3 Rate At 5.7 Pct
August 25, 2021  |  Economy

The U.S. gross domestic product (GDP), a broad measure of economic activity, grew at an annualized rate of 5.7 percent during the third calendar quarter...

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Merchants Call On Fed To Push PINless Routing Rules For Debit Transaction
Merchants Call On Fed To Push PINless Routing Rules For Debit Transaction
August 13, 2021  |  Legal & Regulation

The deadline has passed — and what looms now is whether or not the way debit transactions are done, particularly online, will change. Get the...

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Fed’s Brainard: US Needs CBDC For International Use Cases
Fed’s Brainard: US Needs CBDC For International Use Cases
August 01, 2021  |  Digital Payments

Lael Brainard, governor of the Federal Reserve, has said there are a myriad of reasons to begin developing a central bank digital currency (CBDC), Reuters...

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Fed: Delta Variant Might Jeopardize Economy As Americans Avoid Job Hunting
Fed: Delta Variant Might Jeopardize Economy As Americans Avoid Job Hunting
August 01, 2021  |  Economy

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the rise of the more contagious Delta variant of COVID-19 might hinder the U.S.’s...

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Fed To Discuss Cutting Back On Low Interest Rates Amid COVID-19 Surge, Inflation
Fed To Discuss Cutting Back On Low Interest Rates Amid COVID-19 Surge, Inflation
July 26, 2021  |  Economy

The Federal Reserve is planning to meet this week to discuss when and how it will scale back its low pandemic interest rates, given the...

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Bullard: Fed Should Scale Back On Central Bank Bond Buying
Bullard: Fed Should Scale Back On Central Bank Bond Buying
July 13, 2021  |  Economy

It’s time for the Federal Reserve to ease up on bond-buying by the central bank, in part because keeping it up could cause problems in...

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