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Federal Reserve

Central banking system of the United States

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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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Trump, despite solid U.S. growth, says Fed should fire up crisis-era stimulus

President Donald Trump said on Sunday that actions by the U.S. Federal Reserve have nicked U.S. economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into..
Reuters - Published

As Trump pressures Powell, Wall Street gives Fed a passing grade

As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January..
Reuters - Published

Videos for Federal Reserve

Cain Falters On Path To Federal Reserve As Fourth GOP Senator Turns Away [Video]Cain Falters On Path To Federal Reserve As Fourth GOP Senator Turns Away

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,..

Credit: Wochit News     Duration: 00:43Published

Trump's Pressure On The Federal Reserve Poses Economic Risks [Video]Trump's Pressure On The Federal Reserve Poses Economic Risks

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..

Credit: Wochit News     Duration: 00:53Published

Trump's Fed Picks Draw Political Fire [Video]Trump's Fed Picks Draw Political Fire

On Tuesday a political feud over President Donald Trump’s picks for the U.S. Federal Reserve Board broke into an open brawl even before the nominations of Herman Cain, a former restaurant chain..

Credit: Wochit News     Duration: 00:38Published

Wall Street ekes out gains [Video]Wall Street ekes out gains

Tech stocks led Wall Street slightly higher on Wednesday, with investors largely shrugging off benign U.S. inflation data and unsurprising minutes from the Federal Reserve's March meeting. Fred..

Credit: Reuters Studio     Duration: 01:00Published

Trump's Fed Nominees Could Leave U.S. Policymakers' Hands Tied In A Recession [Video]Trump's Fed Nominees Could Leave U.S. Policymakers' Hands Tied In A Recession

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..

Credit: Wochit News     Duration: 00:37Published

Trump Picks Former Pizza-chain CEO For The Federal Reserve Job [Video]Trump Picks Former Pizza-chain CEO For The Federal Reserve Job

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..

Credit: Wochit News     Duration: 00:40Published

GOP To Trump On Cain Fed Nomination: 'No, No, No' [Video]GOP To Trump On Cain Fed Nomination: 'No, No, No'

President Donald Trump has nominated Herman Cain to the Federal Reserve. And according to Politico, Senate Republicans are warning the White House that Cain will face one of the most difficult..

Credit: Wochit News     Duration: 00:38Published

Trump Urges Fed To Lower U.S. Interest Rates [Video]Trump Urges Fed To Lower U.S. Interest Rates

President Donald Trump said on Friday the U.S. Federal Reserve should lower interest rates and take other unconventional measures to ease pressure on an economy. “I think they should drop rates,”..

Credit: Wochit News     Duration: 00:39Published

U.S. hiring bounces back in March [Video]U.S. hiring bounces back in March

U.S. employers added a stronger-than-expected 196,000 new jobs in March, a snapback from dismally weak numbers in February but, the pace of job growth in 2019 is down from 2018. Conway G. Gittens..

Credit: Reuters Studio     Duration: 01:19Published

Trump urges Fed to lower interest rates [Video]Trump urges Fed to lower interest rates

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..

Credit: Reuters Studio     Duration: 00:30Published

Trump Wants To Appoint Former GOP Presidential Candidate Herman Cain To The Federal Reserve [Video]Trump Wants To Appoint Former GOP Presidential Candidate Herman Cain To The Federal Reserve

According to Business Insider, President Donald Trump is set to appoint Herman Cain to the Federal Reserve Board. Cain is best known as the CEO of Godfather's Pizza and a 2012 GOP presidential..

Credit: Wochit News     Duration: 00:41Published

Trump Is Reportedly Thinking About Replacing The Fed's Chairman With A New Conservative [Video]Trump Is Reportedly Thinking About Replacing The Fed's Chairman With A New Conservative

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..

Credit: Wochit News     Duration: 00:36Published

Euro zone factory activity contracts faster in March [Video]Euro zone factory activity contracts faster in March

Factories in the euro zone had their worst month for almost six years in March and forward looking indicators pointed to gloomy times ahead, a survey found, grim reading for European Central Bank..

Credit: Reuters Studio     Duration: 01:38Published

Donald Trump Criticizes Federal Reserve [Video]Donald Trump Criticizes Federal Reserve

President Donald Trump said the Federal Reserve made a mistake in raising interest rates. According to Reuters, he blamed the central bank for hurting the U.S. economy and stock market. Trump said:..

Credit: Wochit News     Duration: 00:32Published

Trump Fumes Fed's Rate Hikes Harming U.S. Economy, Stock Markets [Video]Trump Fumes Fed's Rate Hikes Harming U.S. Economy, Stock Markets

President Donald Trump said Friday that the U.S. Federal Reserve had made a mistake in raising interest rates. According to Reuters, Trump tweeted angrily that the central bank was hurting the U.S...

Credit: Wochit News     Duration: 00:35Published

Another Wells Fargo CEO resigns over scandals [Video]Another Wells Fargo CEO resigns over scandals

Wells Fargo said on Thursday Tim Sloan will resign immediately as its chief executive, becoming the second CEO to leave the bank in the fallout of a wide-ranging sales practices scandal. Jane Lanhee..

Credit: Reuters Studio     Duration: 01:58Published

Stocks sink on 'amber warning' for growth [Video]Stocks sink on 'amber warning' for growth

Global equities sank Monday after what some analysts called an 'amber warning' for growth. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 01:45Published

Trumps Brings In Stephen Moore To His Team [Video]Trumps Brings In Stephen Moore To His Team

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..

Credit: Wochit News     Duration: 00:32Published

CNN Contributor Stephen Moore Nominated To Join Federal Reserve Board [Video]CNN Contributor Stephen Moore Nominated To Join Federal Reserve Board

According to a report by SFGate, on Friday, President Donald Trump nominated Stephen Moore, a former CNN contributor and campaign advisor, to join the Federal Reserve Board. Trump tweeted, “It is my..

Credit: Wochit News     Duration: 00:35Published

Trump Announces Stephen Moore As Nomination For Federal Reserve [Video]Trump Announces Stephen Moore As Nomination For Federal Reserve

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..

Credit: Wochit News     Duration: 00:32Published

Markets Turbulent After Grim German Manufacturing Data Emerges [Video]Markets Turbulent After Grim German Manufacturing Data Emerges

German 10-year bond yields plunged below zero while European shares and the euro fell on Friday as well. German manufacturing contracted for a third straight month in March, compounding worries that..

Credit: Wochit News     Duration: 00:34Published

Apple leads Wall Street higher [Video]Apple leads Wall Street higher

A tech rally led by Apple pushed Wall Street higher on Thursday as jitters over the Federal Reserve's forecast of an economic slowdown were calmed by upbeat economic data. Fred Katayama reports.

Credit: Reuters Studio     Duration: 01:19Published

No Fed boost for European stocks as banks fall [Video]No Fed boost for European stocks as banks fall

Shares in Asia rose on Thursday after the U.S. Federal Reserve abandoned forecasts for any rate hikes this year, but European stock markets fail to get a lift as the banking sector weighs up the..

Credit: Reuters Studio     Duration: 01:29Published

Federal Reserve Votes Against Raising Interest Rates [Video]Federal Reserve Votes Against Raising Interest Rates

Chairman Jerome Powell said rates may not rise for the rest of 2019, either.

Credit: Newsy Studio     Duration: 01:08Published

Federal Reserve Cuts Commitment To Interest Rate Hikes [Video]Federal Reserve Cuts Commitment To Interest Rate Hikes

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..

Credit: Wochit News     Duration: 00:35Published

 

Would a political Fed rescue the world?

As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests flooded in from other central banks for access to dollars.
Reuters - Published

ECB's Draghi worried about Fed's independence

European Central Bank President Mario Draghi expressed concern on Saturday about the U.S. Federal Reserve's independence, warning that a loss of its autonomy could undermine the credibility of policy.
Reuters - Published

Wells Fargo cuts 2019 net interest income forecast, shares tumble

Shares of Wells Fargo & Co reversed course to trade lower on Friday after the lender cut its 2019 net interest income forecast and said it would not provide a timeline on when a Federal Reserve cap on..
Reuters - Published

Cain's Fed chances in peril as fourth Republican opposes Trump pick

U.S. President Donald Trump's expected nomination of former pizza chain executive Herman Cain to the Federal Reserve appeared in jeopardy on Thursday after a fourth Republican senator voiced..
Reuters - Published

U.S. Senate leader McConnell notes Republican worries over Cain serving on Fed

U.S. Senate Majority Leader Mitch McConnell on Thursday withheld comment on whether he would support Herman Cain to serve on the Federal Reserve Board, saying that he would wait to see "who is actually..
Reuters - Published

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