Federal Reserve

Central banking system of the United States

Federal Reserve ▸ Facts ▸ Comments ▸ News ▸ Videos

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 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 2 days ago

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 1 week ago

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 1 week ago

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 1 week ago

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 1 week ago

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 1 week ago

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 1 week ago

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 2 weeks ago

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 2 weeks ago

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 3 weeks ago

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 on August 28, 2020

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 on August 28, 2020

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 on August 27, 2020

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 on August 27, 2020

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 on August 27, 2020

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 on August 27, 2020

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 on August 20, 2020

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 on August 19, 2020

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 on August 15, 2020

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 on July 30, 2020

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US Federal Reserve adjusts inflation target The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come. (Sept. 16) USATODAY.com - Published 1 week ago
Federal Reserve sees interest rates near zero through 2023 Interest rates are expected to stay low for years as the U.S. economy struggles to recover from coronavirus hit. CBS News - Published 1 week ago
Fed vows to keep rates near zero until inflation tops 2%, likely keeping meager rates 4 to 5 years The Fed signaled key rate will stay near zero until inflation exceeds 2% and averages 2% over time, maintaining rock-bottom rates for 4 or 5 more years USATODAY.com - Published 1 week ago

What the Fed's shift toward lower rates means for borrowers, savers, markets and the economy The Fed has adopted a new policy that emphasizes low unemployment and lets inflation run hotter. Her's what it means for you, markets, the economy USATODAY.com - Published on August 28, 2020
How Fed shift on inflation impacts your wallet The Fed is prepared to tolerate a higher level of inflation, which means borrowing rates are set to remain ultra-low. (August 27) USATODAY.com - Published on August 28, 2020
Fed signals it wants consumer prices to rise twice as fast Fed chair Jerome Powell announced a radical new policy on how the central bank sets interest rates. CBS News - Published on August 27, 2020

Fed announces landmark policy shift to spur inflation, job growth, keeping rates low longer Fed Chair Powell unveiled a plan to let inflation run above target to make up for years of low price increases. It would keep rates near zero longer USATODAY.com - Published on August 27, 2020
The stock market closes at a record high, defying the COVID-fueled recession battering the US economy The U.S. stock market hit an all-time high Tuesday, staging a stunning turnaround propelled by Big Tech as trillions of dollars in stimulus aid from the Federal Reserve and Congress helped prop up an.. USATODAY.com - Published on August 18, 2020
Janet Yellen to succeed Ben Bernanke as Fed chair: what switch means for U.S. CBS News business analyst Jill Schlesinger joins “CBS This Morning: Saturday” to discuss the biggest challenges facing Janet Yellen as she prepares to succeed Ben Bernanke as the chair of the.. CBS News - Published on August 14, 2020
Here's how the federal interest rate can help save the economy during a recession The Federal Reserve has lowered interest rates over the past few months. Here's how their actions affect you. USATODAY.com - Published on August 14, 2020

Senate confirms Yellen to lead Federal Reserve The Senate confirmed Janet Yellen Monday as the head of the Federal Reserve. She will be the first woman to lead the central bank. Norah O'Donnell reports. CBS News - Published on August 14, 2020
12/18: Fed to ease up on stimulus program; Snowball Express brings Christmas cheer to families In his last press conference as Federal Reserve chairman, Ben Bernanke said the Fed will continue to stimulate the economy, but will cut bond purchases by $10 billion in January; and, Snowball Express,.. CBS News - Published on August 14, 2020
Federal Reserve wraps final policy meeting of 2013 All eyes are on the Federal Reserve, which concludes its last policy meeting of the year Wednesday. Since May, when Chairman Ben Bernanke first suggested that the Fed could reduce its emergency bond.. CBS News - Published on August 14, 2020	Upcoming Fed announcement has investors on alert All eyes will be on Ben Bernanke as he is set to deliver a major speech that could contain clues about future central bank actions. Analysts will be on alert for any mention that Fed officials might.. CBS News - Published on August 13, 2020
Chicago Fed chief Charles Evans says additional coronavirus relief package is "incredibly important" The president of the Federal Reserve Bank of Chicago said additional federal aid is needed to address the economic impact of the pandemic. CBS News - Published on August 9, 2020	With coronavirus surging, Fed keeps key interest rate near zero, vows more support With COVID-19 resurgent across much of U.S., the Fed held interest rates near zero and vowed more support for economy. It noted pickup in jobs and economy. USATODAY.com - Published on July 29, 2020
Dow notches best quarter since 1987, a rebound helped by low interest rates and government stimulus amid COVID-19 Stocks notched their best quarter in decades, as government stimulus and help from the Fed helped markets start to recover from the damage of COVID-19 at the start of the year. USATODAY.com - Published on June 30, 2020	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. NYTimes.com - Published on June 29, 2020
Dow drops 700 points, caps week with losses as virus cases surge Stocks slid Friday, as investors weighed the Fed's move to temporarily suspend shareholder payouts by big banks ahead of a potential recession. USATODAY.com - Published on June 26, 2020	Can the Fed's Main Street loan program save midsize companies during COVID-19 crisis? The Fed's Main Street Lending Program drew a strong response from banks after launching last week. But critics say it should encourage riskier loans. USATODAY.com - Published on June 21, 2020
National coin shortage: Pennies, nickels, dimes and quarters part of latest COVID-19 shortage The coronavirus pandemic has caused a nationwide coin shortage, according to the Federal Reserve, which is temporarily allocating coin inventories. USATODAY.com - Published on June 20, 2020	Americans face new coronavirus challenge: a shortage of coins Banks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with the U.S. Mint to boost supply. Reuters - Published on June 17, 2020
As 'ground zero' for crisis, Nevada shows need for fiscal aid: Fed's Powell Even as the U.S. economy shows early signs of emergence from the coronavirus recession, the state of Nevada illustrates both why a full recovery may still be years away and why Congress will likely.. Reuters - Published on June 16, 2020	Fed Chair Powell says strong job market can reduce U.S. racial inequality The best way the Federal Reserve can help reduce racial inequality is to return the U.S. labor market to its pre-coronavirus strength, U.S. Fed Chair Jerome Powell said on Tuesday, as he sidestepped.. Reuters - Published on June 16, 2020
Citing 'significant uncertainty' about rebound from pandemic, Fed's Powell vows to keep interest rates near zero Powell says Fed will will keep interest rates near zero until the economy recovers, noting "significant uncertainty" about the strength of the rebound. USATODAY.com - Published on June 16, 2020	Fed's Bostic calls for end to racism, says Fed can play a role Atlanta Federal Reserve Bank President Raphael Bostic, the Fed's only African American policymaker, on Friday issued an impassioned call for an end to racism and laid out ways the U.S. central bank can.. Reuters - Published on June 12, 2020
Stocks slide on concern about pace of economic recovery, coronavirus spikes Global stock markets tumbled Thursday after the Federal Reserve signaled a long path to recovery from the devastation of the coronavirus pandemic. USATODAY.com - Published on June 11, 2020	Under four presidents, the Feds neglected duty to collect statistics on police killings Why has the Justice Department failed to follow a law from 1994? USATODAY.com - Published on June 11, 2020
Fed to keep providing aid, no rate hike for awhile The Federal Reserve made clear Wednesday that it will keep supplying all the help it can by buying bonds to maintain low borrowing rates and forecasting no rate hike through 2022. (June 10) USATODAY.com - Published on June 10, 2020	Fed signals interest rates will likely stay near zero at least through 2022 amid COVID-19 Fed hold rates near zero, signals they'll stay there amid coronavirus crisis and renews vow to use "full range of tools" to support economy. USATODAY.com - Published on June 10, 2020
Stock Markets Brace for a Forecast From the Fed The latest on stock market and business news during the coronavirus outbreak. NYTimes.com - Published on June 10, 2020	Illinois to sell debt in first deal with Fed's muni liquidity facility Illinois announced on Tuesday an agreement to tap a new Federal Reserve borrowing program, marking the first state or local government to access funding to address revenue shortfalls due to the.. Reuters - Published on June 2, 2020
U.S. states, cities may snub Fed lending program over high rates High borrowing costs will limit participation in a $500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls due to the economic fallout from.. Reuters - Published on May 28, 2020	Rock-Bottom Interest Rates May Be Here to Stay Once the labor market begins to recover, the Federal Reserve’s experience in the pre-pandemic, record-long economic expansion is likely to influence when its raises rates. NYTimes.com - Published on May 22, 2020
Coronavirus Live Updates: U.S. Faces Downturn ‘Without Modern Precedent,’ Fed Chief Warns A fraud network targeted unemployment programs as jobless claims neared 39 million. Flags were ordered lowered over Memorial Day weekend for those who died from the virus. NYTimes.com - Published on May 22, 2020	'Worse than any recession since World War II': Mnuchin, Powell grilled on coronavirus response Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell faced an array of questions from senators on the response to the pandemic. USATODAY.com - Published on May 19, 2020
Mnuchin and Powell Warn of Economic Scarring, and Offer Divergent Solutions The Treasury secretary and Fed chair said economic damage could last. One prescribed rapid reopening, the other robust policy action. NYTimes.com - Published on May 19, 2020	Fed, Treasury chiefs face heat over uneven U.S. coronavirus response Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin found themselves in the hot seat on Tuesday as U.S. lawmakers grilled them about the uneven nature of the fiscal response to.. Reuters - Published on May 19, 2020
Powell, Mnuchin face Senate grilling on U.S. coronavirus response The U.S. government's handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome.. Reuters - Published on May 19, 2020	'Who is that money helping?': Congress asks why Treasury, Fed have spent little of $500B for coronavirus Congress approved $500 billion to help businesses and local governments weather the economic catastrophe of coronavirus, but little has been spent USATODAY.com - Published on May 18, 2020
What did eight weeks and $3 trillion buy the U.S. in the fight against coronavirus? Unemployment checks are flowing, $490 billion has been shipped to small businesses, and the U.S. Federal Reserve has put about $2.5 trillion and counting behind domestic and global markets. Reuters - Published on May 18, 2020	Fed's Powell: 'Medical metrics' most important data for U.S. economy now: CBS The most important data for the U.S. economy right now are the "medical metrics" around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where he.. Reuters - Published on May 17, 2020
Fed Chair Says Economic Recovery May ‘Stretch’ Through End of 2021 In a clip from the show “60 Minutes,” Jerome H. Powell painted an image of a slow economic recovery. NYTimes.com - Published on May 17, 2020	Fed's Powell says full economic recovery may require coronavirus vaccine: CBS Federal Reserve Chairman Jerome Powell said a U.S. economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine. Reuters - Published on May 17, 2020
Coronavirus Live News and Updates A whistle-blower, Dr. Rick Bright, is testifying before a House subcommittee on the U.S. response to the coronavirus. The Fed warned of long-term pain without urgent intervention. NYTimes.com - Published on May 14, 2020	Coronavirus, Michael Flynn, Federal Reserve: Your Thursday Briefing Here’s what you need to know. NYTimes.com - Published on May 14, 2020
Powell warns of prolonged recession from pandemic U.S. Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent.. USATODAY.com - Published on May 13, 2020	Fed expects interest rates near zero for months The Federal Reserve has signaled that it will keep its key short-term interest rate near zero for the foreseeable future as part of its effort to boost an economy that's sinking into its worst crisis.. USATODAY.com - Published on April 29, 2020
AP Top Stories April 29 P Here's the latest for Wednesday, April 29: Dr. Fauci says a drug has been found to block the coronavirus; Fed to keep interest rates near zero; small businesses worry about getting federal government.. USATODAY.com - Published on April 29, 2020	Fed holds interest rates near zero, vows forceful action amid coronavirus's economic fallout Fed holds key interest rate near zero, vow further aggressive action to fight the effects of the coronavirus. USATODAY.com - Published on April 29, 2020

Federal Reserve

Central banking system of the United States

Federal Reserve ▸ Facts ▸ Comments ▸ News ▸ Videos

You Might Like

US Federal Reserve adjusts inflation target

Federal Reserve sees interest rates near zero through 2023

Fed vows to keep rates near zero until inflation tops 2%, likely keeping meager rates 4 to 5 years

What the Fed's shift toward lower rates means for borrowers, savers, markets and the economy

How Fed shift on inflation impacts your wallet

Fed signals it wants consumer prices to rise twice as fast

Fed announces landmark policy shift to spur inflation, job growth, keeping rates low longer

The stock market closes at a record high, defying the COVID-fueled recession battering the US economy

Janet Yellen to succeed Ben Bernanke as Fed chair: what switch means for U.S.

Here's how the federal interest rate can help save the economy during a recession

Senate confirms Yellen to lead Federal Reserve

12/18: Fed to ease up on stimulus program; Snowball Express brings Christmas cheer to families

Federal Reserve wraps final policy meeting of 2013

Upcoming Fed announcement has investors on alert

Chicago Fed chief Charles Evans says additional coronavirus relief package is "incredibly important"

With coronavirus surging, Fed keeps key interest rate near zero, vows more support

Dow notches best quarter since 1987, a rebound helped by low interest rates and government stimulus amid COVID-19

Madeline McWhinney Dale, Trailblazing Banker, Is Dead at 98

Dow drops 700 points, caps week with losses as virus cases surge

Can the Fed's Main Street loan program save midsize companies during COVID-19 crisis?

National coin shortage: Pennies, nickels, dimes and quarters part of latest COVID-19 shortage

Americans face new coronavirus challenge: a shortage of coins

As 'ground zero' for crisis, Nevada shows need for fiscal aid: Fed's Powell

Fed Chair Powell says strong job market can reduce U.S. racial inequality

Citing 'significant uncertainty' about rebound from pandemic, Fed's Powell vows to keep interest rates near zero

Fed's Bostic calls for end to racism, says Fed can play a role

Stocks slide on concern about pace of economic recovery, coronavirus spikes

Under four presidents, the Feds neglected duty to collect statistics on police killings

Fed to keep providing aid, no rate hike for awhile

Fed signals interest rates will likely stay near zero at least through 2022 amid COVID-19

Stock Markets Brace for a Forecast From the Fed

Illinois to sell debt in first deal with Fed's muni liquidity facility

U.S. states, cities may snub Fed lending program over high rates

Rock-Bottom Interest Rates May Be Here to Stay

Coronavirus Live Updates: U.S. Faces Downturn ‘Without Modern Precedent,’ Fed Chief Warns

'Worse than any recession since World War II': Mnuchin, Powell grilled on coronavirus response

Mnuchin and Powell Warn of Economic Scarring, and Offer Divergent Solutions

Fed, Treasury chiefs face heat over uneven U.S. coronavirus response

Powell, Mnuchin face Senate grilling on U.S. coronavirus response

'Who is that money helping?': Congress asks why Treasury, Fed have spent little of $500B for coronavirus

What did eight weeks and $3 trillion buy the U.S. in the fight against coronavirus?

Fed's Powell: 'Medical metrics' most important data for U.S. economy now: CBS

Fed Chair Says Economic Recovery May ‘Stretch’ Through End of 2021

Fed's Powell says full economic recovery may require coronavirus vaccine: CBS

Coronavirus Live News and Updates

Coronavirus, Michael Flynn, Federal Reserve: Your Thursday Briefing

Powell warns of prolonged recession from pandemic

Fed expects interest rates near zero for months

AP Top Stories April 29 P

Fed holds interest rates near zero, vows forceful action amid coronavirus's economic fallout