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.
Former pizza chain executive Herman Cain's rocky road to the Federal Reserve appeared strewn with boulders on Thursday. According to Reuters, that's when a fourth Republican senator voiced opposition,..
President Donald Trump's pressure on the Federal Reserve poses risks to the economy, an International Monetary Fund official said Thursday. The president has repeatedly lashed out at the central bank..
According to a report by Markets Insider, President Donald Trump's plan to nominate Stephen Moore and Herman Cain to the Federal Reserve has sparked concerns that the central bank's independence would..
According to Business Insider, U.S. President Donald Trump announced the selection of Herman Cain, the former Godfather's Pizza CEO and 2012 Republican presidential candidate, for the Federal Reserve..
President Donald Trump said on Friday the U.S. Federal Reserve should lower interest rates, noting that newly released jobs numbers showed the economy had performed well but adding that action by the..
According to Business Insider, U.S. President Donald Trump reportedly discussed replacing his handpicked chairman of the Federal Reserve late last year. Axios reported Wednesday that the president was..
President Donald Trump is adding conservative economic commentator Stephen Moore to his team. According to Reuters, Moore will join the U.S. central bank’s board of governors. Moore is a known critic..
President Donald Trump will nominate a conservative economist to the Federal Reserve’s board of governors. According to Business Insider, Trump is nominating Stephen Moore. Moore has been a supported..
According to Reuters, the Federal Reserve abruptly ended a three-year commitment to managing inflation through interest rates. After their latest Federal Open Market Committee meeting, the Fed chose to..