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.
The Federal Reserve's promise in January to be "patient" about further interest rate hikes, putting a three-year-old process of policy tightening on hold, calmed markets after weeks of turmoil that.. Reuters - Published
Asian shares pulled ahead to fresh 4-1/2-month highs on Thursday after the U.S. Federal Reserve affirmed it would be "patient" on further interest rate rises and as Sino-U.S. trade talks hinted of.. Reuters - Published
U.S. stocks ended higher on Wednesday as the release of the Federal Reserve's minutes from its January meeting showed policymakers thought pausing on U.S. interest rate hikes posed little risk. Fred..
The Federal Reserve was right to switch to a neutral stance on interest rates at its January meeting, New York Federal Reserve President John Williams told Reuters exclusively, and while that policy is..
Flash PMI readings February are released for the US, Japan and euro zone, and US/China trade talks resume in Washington. As David Pollard reports, Japanese trade data is expected to show the fastest..
A Reuters poll of economists reveals there is a one-in-four chance of a U.S. recession in the next 12 months. It's a scenario that should keep the Federal Reserve from raising interest rates next..
Rural areas of the U.S., especially in the South, are lagging far behind more developed parts of the country, despite the nearly decade-long economic recovery. It’s a problem Federal Reserve Chairman..
Wall Street closed higher on Wednesday as investors were hopeful that the United States and China could iron out a trade deal and as benign inflation data suggested the Federal Reserve would hold..
U.S. consumers can breathe a small sigh of relief, as consumer prices were unchanged for a third straight month in January. Reuters reports the figures indicate the smallest annual increase in..
According to Reuters, Federal Reserve Chairman Jerome Powell said on Tuesday that The risk of a U.S. recession is not currently elevated. Powell met with students at Mississippi Valley State..
Paul Volcker is up in arms about what he sees as the sorry state of the government. The former Federal Reserve Chairman served in various roles across government over a 50-year stretch. According to..
President Donald Trump has repeatedly lashed out at the Federal Reserve. According to Business Insider, President Trump is agitated about the Fed raising interest rates too quickly. "Going loco." "Too..
US futures are edging lower. Traders had little to digest in President Trump's State of the Union address and are awaiting Federal Reserve chair Jerome Powell's comments later today. European markets..
U.S. President Donald Trump recently had a meeting with Fed Chairman Jerome Powell. During the meeting Trump said the central bank was putting the economy in danger. According to Reuters, he criticized..
U.S. employers hired the most workers in 11 months in January, adding 304,000 jobs. The unemployment rate ticked up to 4 percent. Fred Katayama reports.
U.S. job growth surged in January, with employers hiring the most workers in 11 months, Reuters reports. The growth pointing to underlying strength in the economy despite a darkening outlook that has..
Factory activity was at its weakest in years across much of the world during January, adding to worries that trade tariffs, political uncertainty and cooling demand pose an increasing threat to global..
A senior administration official said U.S. President Donald Trump has a person in mind for the Federal Reserve Board. Trump is considering former pizza chain executive and presidential candidate Herman..
Amazon.com shares declined after hours after its sales forecast disappointed Wall Street. Earlier, Wall Street extended its rally with help from Facebook and the Fed. Fred Katayama reports.
According to Reuters, the Federal Reserve voted to keep interest rates steady during their first policy meeting of 2019. In a formal shift of policy, the Fed chose to exhibit patient with increasing..
The Dow surged above 25,000 in a broad rally Wednesday before big momentum stocks Facebook, Tesla and Microsoft reported their results. Fred Katayama recaps the action.
According to Reuters, the Federal Reserve will keep interest rates steady heading into the February. Following the Fed's first monetary policy meeting in 2019, markets on Wall Street rose slightly,..
According to Business Insider, the Federal Reserve left interest rates alone during its first policy meeting for 2019. The 12-member Federal Open Market Committee chose to remain patient with the..
The Federal Reserve held interest rates steady on Wednesday but said it would be patient in lifting borrowing costs further this year as Fed Chairman Jerome Powell pointed to rising uncertainty about..
Asian shares held near 4-1/2-month highs on Thursday after U.S. Federal Reserve minutes affirmed it would be "patient" on interest rate rises and risk assets got a lift from hopes of further progress.. Reuters - Published
U.S. stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the U.S. central bank would be "patient" with respect to further interest rate.. Reuters - Published
The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted.. Reuters - Published
U.S. stocks ended higher on Wednesday as the release of the Federal Reserve's minutes from its January meeting showed policymakers thought pausing on U.S. interest rate hikes posed little risk. Reuters - Published
U.S. stocks were mostly higher in volatile late-afternoon trade on Wednesday as the release of the Federal Reserve's minutes from its January meeting showed policymakers thought pausing on U.S... Reuters - Published
Federal Reserve policymakers on Wednesday gave little sense of how long their "patient" stance on U.S. interest rate policy would last, and while promising "before too long" a plan for their $4.. Reuters - Published
Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the.. Reuters - Published
Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the.. Reuters - Published
U.S. stocks were little changed on Wednesday, as investors awaited the Federal Reserve's minutes from its January meeting and details on trade talks between the United States and China. Reuters - Published
U.S. stocks were little changed on Wednesday as investors weighed the latest developments in trade talks between the United States and China, while waiting for minutes from the Federal Reserve's.. Reuters - Published
Asian stocks gained a tad on Wednesday after U.S-China trade talks resumed while investors awaited minutes from the U.S. Federal Reserve for clues on policymakers' thinking on interest rates and its.. Reuters - Published
When the Federal Reserve last month adopted a new "patient" approach to monetary policy, it gave no specific guidance about how long its policy pause would last, or how many more interest-rate.. Reuters - Published
There is a one-in-four chance of a U.S. recession in the next 12 months, a scenario that should keep the Federal Reserve from raising interest rates next month, according to a Reuters poll of.. Reuters - Published