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Federal Reserve

Central banking system of the United States

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Federal Reserve: Central banking system of the United States
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.

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Powell: Congress, Fed need to 'stay with' aid [Video]

Powell: Congress, Fed need to 'stay with' aid

In his second trip to Capitol Hill this week, Federal Reserve Chairman Jerome Powell told lawmakers that assistance from the Fed and Congress are needed to bolster the economic recovery.

Credit: Reuters Studio     Duration: 00:59Published
Are The Feds Goals Realistics? [Video]

Are The Feds Goals Realistics?

The Federal Reserve is targeting above 2% inflation. Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve that without creating a bubble..

Credit: Wochit News     Duration: 00:31Published
Dow Drops 320 Points [Video]

Dow Drops 320 Points

On Thursday, US stocks fell 320 points. The drop comes even as weekly jobless-claims data came in better than expected. Business Insider reports that weekly jobless claims fell by more than 30,000 from..

Credit: Wochit News     Duration: 00:43Published
Equity indices nudge lower on weak global cues, banking stocks dip [Video]

Equity indices nudge lower on weak global cues, banking stocks dip

Equity benchmark indices traded lower during early hours on Thursday on the back of weak global cues after the US Federal Reserve indicated the interest rate could stay close to zero for years. At..

Credit: ANI     Duration: 01:09Published
Why Tech Stocks Closed Mix [Video]

Why Tech Stocks Closed Mix

On Wednesday, US stocks closed mixed. Business Insider reports that sliding tech giants overshadowed the Federal Reserve's pledge to keep monetary support intact for the foreseeable future. Central..

Credit: Wochit News     Duration: 00:38Published
Closing bell: Equity indices in positive terrain, Dr Reddy's top gainer [Video]

Closing bell: Equity indices in positive terrain, Dr Reddy's top gainer

Equity benchmark indices traded higher in the afternoon session on September 16 while Asian stocks were flat ahead of the US Federal Reserve's view on the economy. The BSE S-P Sensex closed 259 points..

Credit: ANI     Duration: 01:21Published
Opening Bell: Equity indices trade flat, auto stocks gain [Video]

Opening Bell: Equity indices trade flat, auto stocks gain

Equity benchmark indices traded flat with a positive bias during early hours on September 16 while Asian stocks rose ahead of the US Federal Reserve's view on the economy. At 10:15 am, the BSE SandP..

Credit: ANI     Duration: 01:10Published
The S&P 500 Could Face Double Digit Corrections [Video]

The S&P 500 Could Face Double Digit Corrections

CFRA's Sam Stovall said that the recent S&P 500 pullback may be converted into a "low-level, double-digital correction." According to Business Insider, Stovall said that this will be an opportunity for..

Credit: Wochit News     Duration: 00:27Published
Former Fed Chair Greenspan: 'We Pretend A Great Deal' [Video]

Former Fed Chair Greenspan: 'We Pretend A Great Deal'

In 1996, US Federal Reserve chairman Alan Greenspan famously warned of an 'irrational exuberance' in financial markets. Now, Business Insider reports Greenspan has spoken about his sense of economic..

Credit: Wochit News     Duration: 00:45Published
U.S. new weekly jobless claims down below 1M [Video]

U.S. new weekly jobless claims down below 1M

881,000 people - less than expected - filed new unemployment benefit claims in the last week of August. But the labor market is still struggling with the COVID-19 pandemic and less government support...

Credit: Reuters - Politics     Duration: 01:12Published
S&P 500 Closes At Record High [Video]

S&P 500 Closes At Record High

On Thursday, the S&P 500 extended its record highs. Federal Reserve Chair Jerome Powell spoke at this year's virtual Jackson Hole symposium. Business Insider reports that Powell outlined the central..

Credit: Wochit News     Duration: 00:37Published
Equity indices spurt with rally in banking scrips, IndusInd up 12 pc [Video]

Equity indices spurt with rally in banking scrips, IndusInd up 12 pc

Equity benchmark indices traded higher on the first day of September futures and options series with banking and financials contributing significantly to the gains. The BSE S and P Sensex closed 354..

Credit: ANI     Duration: 01:13Published
Dow rallies on new Fed inflation stance [Video]

Dow rallies on new Fed inflation stance

The Dow and S&P 500 advanced but the Nasdaq closed lower on Thursday as investors digested the U.S. Federal Reserve's new strategy to adopt an average inflation target and restore the United States to..

Credit: Reuters Studio     Duration: 02:09Published
Economy-sensitive stocks are a 'buy' now -investor [Video]

Economy-sensitive stocks are a 'buy' now -investor

The Federal Reserve's announcement Thursday that it will tolerate inflation if it runs hotter than the Fed's 2 percent target is a 'buy' signal for sectors sensitive to an economic upturn, Victory..

Credit: Reuters Studio     Duration: 05:32Published
Dow Wipes Out 2020 Losses [Video]

Dow Wipes Out 2020 Losses

On Thursday, the Dow Jones industrial average erased its 2020 losses. Business Insider reports that stocks rallied on the Federal Reserve's new monetary policy framework. The 30-stock index gained as..

Credit: Wochit News     Duration: 00:32Published
Focused on jobs, Fed moves to average inflation target [Video]

Focused on jobs, Fed moves to average inflation target

The Federal Reserve on Thursday rolled out an aggressive new strategy to restore the United States to full employment and lift inflation back to healthier levels in a world where weak inflation, low..

Credit: Reuters Studio     Duration: 01:56Published
Banking and financials drag down equity indices, ICICI Bank top loser [Video]

Banking and financials drag down equity indices, ICICI Bank top loser

Equity benchmark indices snapped three-days of winning streak during early hours on Thursday on weak global cues after the Federal Reserve warned that the US economic recovery faces a highly uncertain..

Credit: ANI     Duration: 01:08Published
Stocks lose altitude as Fed worries creep in [Video]

Stocks lose altitude as Fed worries creep in

Wall Street finished lower on Wednesday after the Federal Reserve raised concerns that the U.S. economic recovery from the devastating effects of the pandemic faced a highly uncertain path. Conway G...

Credit: Reuters Studio     Duration: 01:32Published
Gold Could Soar "As High As $3000" [Video]

Gold Could Soar "As High As $3000"

Michael Novogratz told Bloomberg the price of gold could certainly get up to $3,000. The Galaxy Digital CEO and co-founder said the next Fed meeting could be changing things. He said the meeting could..

Credit: Wochit News     Duration: 00:36Published
Sensex cracks by 335 points but pharma stocks outperform [Video]

Sensex cracks by 335 points but pharma stocks outperform

Equity benchmark indices swung nearly 1 per cent lower during the afternoon session on July 30 ahead of the expiry day of monthly futures and options contracts. At the closing bell, the BSE S and P..

Credit: ANI     Duration: 01:29Published

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Madeline McWhinney Dale, Trailblazing Banker, Is Dead at 98

She was the first female officer of the Federal Reserve Bank. Later, in another first, she ran a commercial bank largely owned and operated by women.
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