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Federal Reserve

Central banking system of the United States

Federal Reserve (Under CC License)

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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In an NBC interview, Mr. Trump lashed out at his Federal Reserve chairman and said the biggest mistake of his presidency was selecting Jeff Sessions to be..
Credit: NYTimes.com - Published 3 days ago

Buoyed by the Fed, investors shrug off concerns about an economic slowdown and ongoing trade tensions
Credit: CBS News - Published 5 days ago

Pressuring the Fed to juice the economy as he seeks re-election, the president is toying with an unprecedented challenge to its independence.
Credit: NYTimes.com - Published 5 days ago

The new peak comes a day after the Fed said it could cut interest rates if trade tensions and growth worsen
Credit: CBS News - Published 6 days ago

Investors took the central bank's decision and revised outlook in stride, without reacting extremely one way or the other
Credit: CBS News - Published 1 week ago

The Fed kept its key interest rate at 2.25% to 2.5% but signaled it was prepared to cut rates if the US trade war with China deepens
Credit: USATODAY.com - Published 1 week ago

An interest rate cut today isn't likely, but a pivot from keeping them steady may emerge, with a reduction coming soon
Credit: CBS News - Published 1 week ago

Donald Trump, Federal Reserve, Hope Hicks: Here's what you need to know.
Credit: NYTimes.com - Published 1 week ago

Investors increasingly expect the central bank to cut interest rates for the first time since 2008
Credit: CBS News - Published 1 week ago

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..
Credit: CBS News - Published 1 week ago

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