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.
U.S. producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal Reserve's stance that it will probably not cut.. Reuters - Published
U.S. producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal Reserve's stance that it will probably not cut.. Reuters - Published
An upbeat economic assessment from Federal Reserve Chairman Jerome Powell and a solid start to Disney's streaming video service sent the Dow and S&P 500 to record closing highs. Conway G. Gittens..
The U.S. economy is in a good place and so are interest rates, said Federal Reserve Chairman Jerome Powell in his testimony before Congress. Conway G. Gittens reports.
The U.S. economy is in a good place and so are interest rates, said Federal Reserve Chairman Jerome Powell in his testimony before Congress. Conway G. Gittens reports.
Federal Reserve Chairman Jerome Powell told lawmakers the outlook for the U.S. economy is good but lower economic growth, along with low interest rates and low inflation was the 'new normal.'
U.S. consumer prices rebounded more than expected in October and underlying inflation picked up. At the same time, Reuters reports trade tensions are receding and fears of a recession are fading...
President Donald Trump on Tuesday renewed his criticism of the Federal Reserve's raising and then cutting of interest rates, saying the central bank had put the United States at a competitive..
Investors will be listening to what Fed chair Jerome Powell says on the Hill next week. Wall Street also gets the latest data on inflation, and Disney launches its streaming service. Fred Katayama..
Look past the daily headlines surrounding the U.S.-China trade war and focus on the Federal Reserve's switch to neutral as a buy signal for stocks through the first half of 2020, advised Krishna..
The Federal Reserve slashed interest rates yet again on October 30, in the third rate cut since late July. To take advantage of the low Fed funds rate, consider consolidating credit-card debt. It's..
Wall Street lost ground on Thursday as data showed midwest manufacturing falling into a deeper slump and concerns about the U.S.-China trade war truce rattled investors. Conway G. Gittens wraps up the..
The S&P 500 closed at a record high after Federal Reserve Chairman Jerome Powell lowered interest rates and expressed confidence the economy can keep growing without another rate cut. Conway G. Gittens..
The Fed changed its language as it lowered interest rates a third time this year. Summit Place Financial Advisors president Liz Miller tells Reuters’ Fred Katayama she doesn’t see the central bank..
(Reuters) - The S&P 500 and the Dow Jones Industrials were flat on Wednesday as investors assessed mixed corporate reports, while bracing for a policy decision by the Federal Reserve later in the day...
Investors will have a lot to juggle next week: a Fed meeting on interest rates, the October jobs report, and earnings from tech titans Apple and Facebook. Fred Katayama reports.
U.S. wholesale prices unexpectedly fell in September. As Fred Katayama reports, that could give the Federal Reserve room to cut interest rates again later this month.
A Fed president has poo-pooed the idea that the Federal Reserve should cut interest rates to boost low inflation. Sunday, Kansas City Federal Reserve Bank President Esther George said doing so could..
Wall Street climbed Thursday after data showing services-sector activity at a three-year low fueled expectations the Federal Reserve would cut interest rates in an effort to thwart a wider economic..
The massive U.S. services sector experienced a sharper-than-expected slowdown in September, fueling fears that trade tensions are pushing the economy closer to a recession. Conway G. Gittens has the..
Fed research suggested higher minimum wages did not cost jobs in border counties. Industry-level analysis and real-life stories back that up — with caveats. NYTimes.com - Published
Having guided interest rates lower this year and declared a stopping point, Federal Reserve officials face a potentially volatile election year problem if U.S. job growth slows in coming months as many.. Reuters - Published
Amid a national lung illness outbreak, federal regulators are expected to announce a ban on electronic cigarette flavors other than tobacco and menthol within days; mint and products sold at vape.. USATODAY.com - Published
Correspondent Rita Braver sits down for an exit interview with Janet Yellen, the outgoing chair of the Federal Reserve, to talk about her trailblazing career, the state of the economic recovery.. CBS News - Published
For decades, the central bank has raised rates to guard against coming price increases. Now, it seems to be raising that hurdle. NYTimes.com - Published
Here are the top stories for Wednesday, Oct. 30th: New wildfire erupts near Reagan library in Southern Calif.; House impeachment inquiry seeks Bolton testimony; Fed cuts key interest rate; UK zoo shows.. USATODAY.com - Published
In his interview with "60 Minutes," President Trump expressed frustration with the Federal Reserve and Fed Chairman Jerome Powell, blaming them for the recent stock market dip. CBS News - Published
The Federal Reserve has lowered its benchmark interest rate for the third time this year, in a bid to shore up U.S. economic growth. The central bank also signaled that this rate cut might be the last.. CBS News - Published
Jerome Powell tells 60 Minutes about the factors that have led the United States to have a lower labor force participation rate than almost every other advanced country CBS News - Published
After interviewing Fed Chair Jerome Powell, Scott Pelley reflects on his "60 Minutes" interview with former Fed Chair Ben Bernanke in 2009. CBS News - Published
In the 2008 Great Recession, taxpayers were forced to bail out reckless Wall Street excess. Scott Pelley asks Fed Chair Jerome Powell: How safe are banks today? CBS News - Published
Although first skeptical of the financial policy enacted by predecessor Ben Bernanke, Fed Chair Jerome Powell now realizes the risks never came to pass. CBS News - Published
Federal Reserve Chairman Jerome Powell shares his outlook on the U.S. economy and tells 60 Minutes whether or not another interest rate hike is on the horizon 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
"According to the Federal Reserve, Americans still use cash more frequently than any other payment method, but could the rise of cryptocurrencies change that? Duke University finance professor Campbell.. CBS News - Published
U.S. stock markets suffered a big drop Wednesday amid fears of a recession driven by the bond market. CBSN political reporter Caitlin Huey-Burns, Associated Press White House reporter Zeke Miller and.. CBS News - Published
A third Fed rate cut since July would shave borrowing costs on credit cards, home equity lines and other debt. Savers will be pinched.
USATODAY.com - Published
Federal Reserve Chairman Jerome Powell says the U.S. economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it there as long as possible.".. USATODAY.com - Published
ATM fees hit record highs this year and faster hikes may be on the way. That's because the Fed is cutting rates, crimping bank profit margins
USATODAY.com - Published
St. Louis Federal Reserve Bank President James Bullard said on Wednesday he does not expect the impeachment inquiry into President Donald Trump to affect how the Fed conducts monetary policy. Reuters - Published
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
A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year. (Sept. 18)
USATODAY.com - Published
Federal Reserve Bank leaders, working to prevent an economic slowdown, begin two days of meetings on Tuesday. Economists predict they will announce an interest rate cut of 25 basis points, or a quarter.. CBS News - Published
The Fed Is expected to cut its key interest rate by a quarter point Wednesday. It trimmed the rate in July for the first time in a decade.
USATODAY.com - Published
Is the Fed bonkers? Does it really believe cutting interest rates more boosts borrowing? Are you really hot to lend your savings long-term at 1%?
USATODAY.com - Published
Trump wants the Federal Reserve to lower interest rates to zero or below. That could mean lower borrowing costs but also meager bank savings rates.
USATODAY.com - Published
President Donald Trump on Wednesday blasted the Federal Reserve, exhorting the board to lower interest rates to zero or possibly even below zero.
USATODAY.com - Published
Federal Reserve Chairman Jerome Powell said Friday that the Fed is not expecting a U.S. or global recession. But it is monitoring a number of uncertainties, including trade conflicts, and will "act as.. USATODAY.com - Published
The Federal Reserve is making a series of changes to requirements put in place to prevent a repeat of the 2008 financial crisis. According to the New York Times, the changes could add up to a weakening.. CBS News - Published
President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell spoke about the trade war with China and economic risks to the United States, asking whether his appointee.. Reuters - Published
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