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.
Wall Street surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the Fed will.. Reuters - Published
President Donald Trump on Tuesday kept up the pressure on the head of the Federal Reserve following a report that lawyers at the White House earlier this year explored the legality of stripping Jerome.. Reuters - Published
Reuters reports the White House earlier this year explored the option of stripping Jerome Powell of his Federal Reserve chairmanship and demoting him. White House economic adviser Larry Kudlow declined..
(Reuters) - U.S. stocks rallied on Tuesday, with the S&P 500 closing in on record levels, as President Donald Trump’s comments on the United States and China restarting trade talks added to optimism..
The S&P 500 closed flat Monday as investors awaited a Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year. Fred Katayama reports.
Ahead of the central bank policymakers meeting this week, Washington Crossing's Kevin Caron tells Reuters' Fred Katayama the Federal Reserve may further back away from its hawkish position adopted last..
TOKYO (Reuters) - Asian shares got off to a shaky start on Monday as investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong..
According to a report by Reuters, on Thursday, oil futures jumped after suspected attacks on two oil tankers off the coast of Iran, while US Treasury yields sank lower as economic data appeared to..
The U.S. Labor Department said Wednesday that consumer prices barely rose in May. According to Reuters, moderate inflation together with a slowing economy could increase pressure on the Federal Reserve..
Wall Street posted modest losses Tuesday, snapping a five-session winning streak, amid renewed doubts the U.S. and China are close to ending their trade war. Conway G. Gittens reports.
Wall Street's major indexes shot higher Friday, as sharply slowing U.S. job growth boosted hopes for interest rate cuts while optimism about potential progress in U.S. trade fights with China and..
New U.S. hires moderated significantly to just 75,000 in May and figures for the prior two months were downwardly revised, fueling greater speculation the Federal Reserve will have to cut interest..
U.S. job growth slowed sharply in May and wages rose less than expected. The figures, suggesting the loss of momentum in economic activity was spreading to the labor market, which could increase calls..
Planning for retirement can be stressful, and a new report from the Federal Reserve suggests that many Americans haven't begun saving for their post-work lives. According to Business Insider, the..
Australia cut interest rates to a record low on Tuesday. As Pascale Davies reports, recession risks from the trade war between Beijing and Washington are pushing major central banks into what could be..
Stock markets remained under pressure on Tuesday as worries about a clampdown on the world's internet and social media giants compounded mounting global trade and recession jitters. David Pollard..
The Dow dropped 354 points as stocks tumbled worldwide and U.S. government bond yields tested new 20-month lows after a White House threat to slap a 5% tariff on Mexican goods added to concerns..
Stocks tumbled worldwide and U.S. government bond yields tested new 20-month lows after a White House threat to slap a 5% tariff on Mexican goods added to concerns punitive measures will slow the..
Reuters reports research suggests U.S. tariffs on Chinese imports will cost the typical American household $831 annually. The Federal Reserve Bank of New York published research Thursday that estimated..
U.S. Federal Reserve officials at their last meeting agreed that their current patient approach to setting monetary policy could remain in place “for some time." According to Reuters, it's a further..
Japanese exports fell for the fifth month in April in a sign of the growing economic strain exerted by the Sino-U.S. trade war. Francis Maguire reports.
According to a report by Reuters, on Friday, two top Federal Reserve officials went to Camden, New Jersey, taking a different reading of the US economic outlook by visiting one of the country's lowest..
U.S. stocks rose in a broad-based rally on Friday as strong job growth in April with muted wage gains left investors upbeat about the outlook for the economy and interest rates. Fred Katayama reports.
U.S. stocks eased further from recent record highs on Thursday as investors digested comments from Fed Chairman Jerome Powell the previous day that dampened some investor hopes of an interest rate cut..
President Donald Trump said Thursday Stephen Moore would no longer be considered for a spot on the Federal Reserve Board of Governors. A political ally to Trump and an outspoken critic of the Federal..
Amid a slew of blue chip earnings, Europe's shares were under pressure on Thursday after the Fed offered no hint of an easing in monetary policy at its latest meeting. Edward Baran reports.
According to Reuters, interest rates will remain steady after the latest monetary policy meeting for the Federal Reserve. After the latest two-day Federal Open Market Committee meeting, the US central..
U.S. stocks surged on Tuesday and the S&P 500 approached a record high after Washington rekindled trade talks with Beijing, boosting sentiment along with growing investor confidence that the U.S... Reuters - Published
Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship and demoting him to be just one of as many as seven governors of the.. Reuters - Published
Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship, demoting him to be just one of as many as seven governors of the U.S... Reuters - Published
Bond investors expect an aggressive set of U.S. interest rate cuts this year, and a voluble president pines for the “old days” when his predecessors bullied central bankers to get their way. Reuters - Published
Wall Street's main indexes rallied on Tuesday, with the S&P 500 inching close to record levels, as President Donald Trump's comments on restarting trade talks with China added to optimism of a more.. Reuters - Published
U.S. stocks rallied on Tuesday, with the S&P 500 inching close to record levels, as President Donald Trump's comments on restarting trade talks with China added to optimism of a more accommodative.. Reuters - Published
U.S. stocks opened at their highest level in six-weeks on Tuesday, with Nasdaq leading the charge, as dovish calls from the European Central Bank raised expectations of a similar accommodative stance.. Reuters - Published
Wall Street's main indexes were set to open higher on Tuesday, as more dovish calls from the European Central Bank lifted expectations of a similar accommodative stance from the Federal Reserve. Reuters - Published
Wall Street edged higher on Monday, supported by Facebook, Amazon and Apple, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later.. Reuters - Published
A gauge of global stock markets dipped slightly on Monday after a mostly strong month and benchmark U.S. bond yields edged lower as investors awaited developments this week from central banks in the.. Reuters - Published
The S&P 500 edged higher on Monday as investors awaited a Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year. Reuters - Published
The Federal Reserve may lower U.S. interest rates to near zero by the spring of 2020 if U.S.-China trade relations deteriorate further and tip the U.S. economy into a recession, according to Morgan.. Reuters - Published
Wall Street's main indexes rose on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate.. Reuters - Published
A gauge of global stock markets edged higher on Monday to build on monthly gains and benchmark government bond yields hovered near multi-year lows as investors girded for developments later in the week.. Reuters - Published
U.S. stocks ticked higher on Monday, with the tech-heavy Nasdaq powering ahead, as investors awaited a pivotal Federal Reserve meeting for clues on the path ahead for interest rates. Reuters - Published
U.S. stocks eked out gains at the open on Monday, as focus shifted to a pivotal Federal Reserve meeting that could lay the groundwork for an interest rate cut later this year. Reuters - Published
Wall Street's main indexes were set for a subdued opening on Monday, following two straight weeks of gains, as focus shifted to a pivotal Federal Reserve meeting that could lay the groundwork for an.. Reuters - Published
European shares tip-toed higher alongside government bond yields on Monday, as investors braced for what is shaping up to be a crucial week for global monetary policy. Reuters - Published
The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the.. Reuters - Published
Asian shares wobbled near one-week lows on Monday as investors turned cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk.. Reuters - Published
With President Donald Trump's trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically increased in the past month. Money market pricing became even more.. Reuters - Published
The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more dovish tilt after.. Reuters - Published
U.S. stocks ended lower on Friday as investors were cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers.. Reuters - Published
U.S. stocks ended nominally lower on Friday as investors awaited next week's Federal Reserve meeting for signs of imminent easing, while the U.S.-Iran confrontation in the Gulf of Oman added to.. Reuters - Published
U.S. stocks ended lower on Friday, with investors cautious going into next week's Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers. Reuters - Published
Oil futures rose on Thursday after attacks on two tankers off the coast of Iran, while the U.S. Treasury yield curve steepened and stocks rose following economic data seen as strengthening the case for.. Reuters - Published
Oil futures jumped on Thursday after suspected attacks on two tankers off the coast of Iran, while U.S. Treasury yields edged lower as economic data seemed to strengthen the case for the Federal.. Reuters - Published
U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy increased pressure on the Federal Reserve to cut interest rates this year. Reuters - Published
World share markets snapped a seven-day winning streak on Wednesday as the White House took a tough line on trade talks with China, while a barely visible rise in U.S. inflation kept up talk of an.. Reuters - Published
U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy could increase pressure on the Federal Reserve to cut interest rates this year. Reuters - Published
U.S. stocks edged lower in late afternoon trading on Tuesday, as investors paused following a run of gains tied to optimism over easing trade tensions and the prospect of an interest rate cut by the.. Reuters - Published
Wall Street's main indexes gave up gains to trade slightly lower on Tuesday, as declines in industrial companies dampened early optimism over easing trade tensions and the prospect of an interest rate.. Reuters - Published
Wall Street's main indexes rose and the S&P 500 edged back toward record territory on Tuesday, as easing trade tensions with Mexico and hopes of an interest rate cut by the Federal Reserve lifted.. Reuters - Published
Stock indexes around the world gained on Tuesday as investors piled into riskier assets as they bet on Federal Reserve interest rate cuts and that a U.S.-China trade agreement could follow the.. Reuters - Published
U.S. President Donald Trump's attacks on the Federal Reserve have broken one set of precedents, his talk of stacking the central bank with political allies has strained another, and his on-again.. Reuters - Published
European shares followed Asian stocks higher on Monday after the United States shelved plans to impose tariffs on Mexico and as investors anticipated lower U.S. interest rates when the Federal Reserve.. Reuters - Published
As Federal Reserve policymakers grapple with how to downplay their quarterly "dot plot" projection of interest rates without eliminating it altogether, some are looking at a compromise: delay its.. Reuters - Published
U.S. stock futures jumped on Monday after a migration deal between the United States and Mexico late last week to avert a tariff war added to a weak U.S. job data which cemented expectations of Federal.. Reuters - Published
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