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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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Federal Reserve Chairman Jerome Powell said interest-rate cuts can't offset the impact of trade tensions
Credit: CBS News - Published 8 hours ago

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..
Credit: Reuters - Published 9 hours ago

President Donald Trump ramped up his criticism of Fed Board Chairman Jay Powell , describing his longtime target on economic issues as an "enemy."
Credit: USATODAY.com - Published 9 hours ago

While President Trump blasts Jerome Powell for slowdown, Fed officials put the blame squarely on trade tensions
Credit: CBS News - Published 2 days ago

Donald Trump is lashing out at Federal Reserve chair Jerome Powell as the bond market drives fears of an oncoming recession. CBS News White House correspondent..
Credit: CBS News - Published 4 days ago

The president has accused his own Federal Reserve chair, other nations and the news media of working against him to derail the economy.
Credit: NYTimes.com - Published 5 days ago

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..
Credit: CBS News - Published 1 week ago

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