The 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. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
The Federal Reserve was right to switch to a neutral stance on interest rates at its January meeting, New York Federal Reserve President John Williams told Reuters exclusively, and while that policy is..
Rural areas of the U.S., especially in the South, are lagging far behind more developed parts of the country, despite the nearly decade-long economic recovery. It’s a problem Federal Reserve Chairman..
President Donald Trump has repeatedly lashed out at the Federal Reserve. According to Business Insider, President Trump is agitated about the Fed raising interest rates too quickly. "Going loco." "Too..
US futures are edging lower. Traders had little to digest in President Trump's State of the Union address and are awaiting Federal Reserve chair Jerome Powell's comments later today. European markets..
Fed Chair Jerome Powell is asked if the Fed is done raising interest rates and whether or not he thinks President Trump can fire him; then, the ACLU's surprising new political strategy, modeled in part.. CBS News - Published
Jerome Powell tells Scott Pelley if the Fed will raise interest rates again, gives his view on whether or not President Trump can fire him and outlines the current risks to the U.S. economy CBS News - Published