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Federal Reserve

Central banking system of the United States

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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When the Federal Reserve polled Wall Street about financial stability risks last fall, "global pandemic" didn't make the list.
Credit: Reuters - Published 16 hours ago

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The Federal Reserve has moved into overdrive to try to keep the U.S. economy from suffering lasting damage from the coronavirus pandemic, announcing an emergency..
Credit: Reuters - Published 3 days ago

The Federal Reserve has moved into overdrive to try to keep the U.S. economy from suffering lasting damage from the coronavirus pandemic, announcing an emergency..
Credit: Reuters - Published 3 days ago

U.S. stocks rose on Monday as President Donald Trump followed last week's massive fiscal stimulus package by extending his stay-at-home guidelines, leaving..
Credit: Reuters - Published 4 days ago

The U.S. Federal Reserve's balance sheet soared past $5 trillion in assets for the first time this week as it scooped up bonds and extended loans to banks,..
Credit: Reuters - Published 1 week ago

Small businesses in the United States say promised help from the federal government and the Federal Reserve is welcome news in the battle to stay afloat through..
Credit: Reuters - Published 1 week ago

U.S. Federal Reserve Chair Jerome Powell told Americans on Thursday progress in controlling the spread of the coronavirus would determine when the economy..
Credit: Reuters - Published 1 week ago

The U.S. "may well be in recession" but progress in controlling the spread of the coronavirus will dictate when the economy can fully reopen, Federal Reserve..
Credit: Reuters - Published 1 week ago

The unfolding market shock and economic crisis wrought by the coronavirus disruption is shaping up to be a nightmare for the Federal Reserve – literally.
Credit: Reuters - Published 1 week ago

The unfolding market shock and economic crisis wrought by the coronavirus disruption is shaping up to be a nightmare for the Federal Reserve – literally.
Credit: Reuters - Published 1 week ago

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