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 Rosengren: Even With Positive Job Numbers, US In ‘Significant Recession’
Fed’s Rosengren: Even With Positive Job Numbers, US In ‘Significant Recession’
September 04, 2020  |  Economy

Despite a better than expected job report, Boston Federal Reserve President Eric Rosengren told CNBC a full recovery is impossible until COVID-19 is under control....

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Fed’s Brainard: Additional Stimulus Required To Counter Pandemic Effects
Fed’s Brainard: Additional Stimulus Required To Counter Pandemic Effects
September 01, 2020  |  Economy

A Federal Reserve governor said Tuesday (Sept. 1) that the central bank has to launch initiatives “in coming months” to assist the economy in surmounting...

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US Corporations Owe Creditors Record $10.5T In Debt
US Corporations Owe Creditors Record $10.5T In Debt
September 01, 2020  |  Debt

The pandemic has fueled a record $10.5 trillion debt owed to creditors by U.S. corporations, 30 times the debt of 50 years ago, MarketWatch reported,...

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China Trials Digital Yuan In Retail Settings
China Trials Digital Yuan In Retail Settings
August 24, 2020  |  Digital Banking

To go big with central bank digital currencies (CBDCs) – to gain scale and early adopters – one should focus on retail and smaller-value transactions. At...

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Fed Officials Expect Lingering Economic Impact Of Virus
Fed Officials Expect Lingering Economic Impact Of Virus
August 19, 2020  |  Economy

The Federal Reserve Open Market Committee (FOMC) said economic activity in the U.S. appears to have “picked up” in May and June after steep decreases...

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Fed Exploring ‘Hypothetical’ Digital Currency With MIT
Fed Exploring ‘Hypothetical’ Digital Currency With MIT
August 14, 2020  |  Cryptocurrency

Digital dollars on the horizon? Maybe – but first comes a focus on policy. A week after details of the Federal Reserve’s instant payment initiative...

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Fed Officials: Economy Unlikely To Recover Before Vaccine Is Available
Fed Officials: Economy Unlikely To Recover Before Vaccine Is Available
August 12, 2020  |  Economy

Federal Reserve officials said they don’t think the economy is coming back in full until the pandemic is contained, Reuters reported. Instead, U.S. citizens will...

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Why FedNow, Postal Banking Might Find Spotlight in November Election
Why FedNow, Postal Banking Might Find Spotlight in November Election
August 11, 2020  |  Financial Inclusion

The presidential race is now, finally, and fully, on. And, so, too, is the parlor game of guessing what happens if the current administration gives...

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FedNow Hit With Resistance From Smaller FIs
FedNow Hit With Resistance From Smaller FIs
August 11, 2020  |  B2B Payments

This week’s roundup of payment rail innovations shines a spotlight on how B2B FinTechs are expanding the functionality and value of existing payment rails. Visa’s...

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