Federal Reserve

Central banking system of the United States

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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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Warren Says She Will Watch Over Corporations Loans 'Carefully' Sen. Elizabeth Warren wants corporations getting money from the stimulus package to use it responsibly. She wrote a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell... Credit: Wochit News Duration: 00:32Published 4 hours ago

Trump signs $2.2 trillion coronavirus aid bill into law U.S. President Donald Trump signed into law the largest fiscal relief measure ever passed by Congress on Friday, moments after the U.S. House of Representatives passed the bill, despite calls for a.. Credit: Reuters Studio Duration: 02:45Published 4 days ago

House passes $2.2 trillion aid bill, sends to Trump Despite GOP congressman Thomas Massie attempting to delay the vote, the U.S. House of Representatives on Friday approved a $2.2 trillion aid package - the largest in American history - to help.. Credit: Reuters Studio Duration: 01:21Published 4 days ago


Pelosi anticipates bipartisan support for coronavirus bill in U.S. House The Democratic Speaker of the U.S. House of Representatives on Thursday said she expects "a strong bipartisan vote" on a $2 trillion rescue package, which Nancy Pelosi credited Democrats for winning.. Credit: Reuters Studio Duration: 02:06Published 6 days ago

U.S. jobless claims surge to record 3.28 million The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as an economy grounded to a halt by the coronavirus pandemic throws millions out of.. Credit: Reuters Studio Duration: 02:19Published 6 days ago

Stocks rebound on hopes for massive global stimulus Stocks in Asia and Europe gained Tuesday after the Federal Reserve promised unlimited supplies of dollars. Julian Satterthwaite reports. Credit: Reuters Studio Duration: 01:26Published 1 week ago

Aggressive Fed boost fails to stop sell-off Wall Street's slide deepened Monday as unprecedented moves to shore up credit failed to sooth investors fears about the coronavirus crisis. As Fred Katayama reports, the Senate's failure to pass a.. Credit: Reuters Studio Duration: 01:23Published 1 week ago

Global economy is already in recession -economist poll The global economy is already in recession due to the coronavirus pandemic, according to economists polled by Reuters, separately Goldman Sachs sees U.S. GDP plunging 24 percent in the second quarter... Credit: Reuters Studio Duration: 02:06Published 2 weeks ago

S&P climbs 2% as Fed takes further steps U.S. stocks rebounded Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic.. Credit: Reuters Studio Duration: 01:36Published 2 weeks ago

Wall Street Bounces, After Selloff Fed Boosts Liquidity NEW YORK (Reuters) - The S&P 500 rose 6% on Tuesday, a day after its steepest decline since the 1987 crash, as the Federal Reserve took further steps to boost liquidity and stem damage from the.. Credit: Wochit News Duration: 00:35Published 2 weeks ago

Wall Street rebounds from Monday's sell-off The Dow soared more than 1000 points, and the S&P 500 tacked on 6% Tuesday, a day after the steepest decline since the 1987 crash. As Fred Katayama reports, the Fed took several steps to boost.. Credit: Reuters Studio Duration: 01:45Published 2 weeks ago

Dow drops almost 3,000 points U.S. stocks suffered their biggest one-day drop Monday since the 1987 crash. As Fred Katayama reports, the Fed's emergency action fueled investor anxiety over a potential recession due to the.. Credit: Reuters Studio Duration: 01:26Published 2 weeks ago

Dow drop almost 3,0000 points U.S. stocks suffered their biggest one-day drop Monday since the 1987 crash. As Fred Katayama reports, the Fed's emergency action fueled investor anxiety over a potential recession due to the.. Credit: Reuters Studio Duration: 01:26Published 2 weeks ago

U.S. airlines seek $50bln government bailout Major airlines sought a U.S. government bailout of more than $50 billion as the White House urgently worked on drafting a financial assistance package in the wake of the steep falloff in travel caused.. Credit: Reuters Studio Duration: 02:39Published 2 weeks ago

Stocks tumble again as Fed rate cut fails to offer comfort Global stocks tumbled again on Monday despite concerted efforts by central banks to reassure markets. Julian Satterthwaite reports. Credit: Reuters Studio Duration: 01:58Published 2 weeks ago

Powell on Federal Reserve rate cut to near zero-percent The U.S. Federal Reserve cut interest rates to near zero on Sunday in another emergency move to help shore up the U.S. economy amid the rapidly escalating coronavirus pandemic. Credit: Reuters Studio Duration: 01:18Published 2 weeks ago

Fed slashes rates in emergency coronavirus move, Trump calls action 'terrific' With panic buying on Main Street and fear-driven sell-offs on Wall Street, the U.S. Federal Reserve cut interest rates to near zero on Sunday in another emergency move to help shore up the U.S. economy.. Credit: Reuters Studio Duration: 01:28Published 2 weeks ago

Trump congratulates Fed for cutting interest rates, calls action 'terrific' U.S. President Donald Trump said the Federal Reserve's decision on Sunday to cut interest rates was "good news" and "makes me very happy" as he congratulated the central bank for taking further action.. Credit: Reuters Studio Duration: 02:07Published 2 weeks ago

The economic remedies for the coronavirus Leaders and policymakers have been forced to act as the coronavirus sparks economic panic. These are some of the key measures being taken. Megan Revell reports. Credit: Reuters Studio Duration: 02:23Published 3 weeks ago

Dow plunges 10% in worst day since '87 crash Wall Street closed at the lows of the day, with the Dow plunging 10 percent in its biggest percentage drop since the October 1987 crash, as stocks confirmed a bear market. Conway G. Gittens reports. Credit: Reuters - Politics Duration: 02:27Published 3 weeks ago

Stocks tank again as Trump puts EU in quarantine Global stocks tumbled again on Thursday after U.S. President Donald Trump's move to suspend entry into the U.S. from most EU countries. Julian Satterthwaite reports. Credit: Reuters Studio Duration: 01:57Published 3 weeks ago

Dow enters bear market territory amid coronavirus fears Wall Street stocks plunged on Wednesday, with the Dow confirming a bear market for the first time since the financial crisis after the World Health Organization called the coronavirus outbreak a.. Credit: Reuters Studio Duration: 02:26Published 3 weeks ago

Britain announces war chest to fight coronavirus Britain's finance minister, Rishi Sunak, unveiled a budget with a multi-billion-pound stimulus package to help ward off the economic impact of coronavirus. Credit: Reuters Studio Duration: 02:01Published 3 weeks ago

Trump says U.S. Fed should cut rates President Donald Trump said on Friday the Federal Reserve should cut U.S. interest rates and stimulate the economy, three days after the central bank slashed interest rates by half a percentage point.. Credit: Reuters Studio Duration: 01:13Published on March 6, 2020

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What the Federal Reserve has done in the coronavirus crisis 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 interest rate cut on March 3 and.. Reuters - Published 13 hours ago
Wall St. gains as U.S. extends shutdown to limit virus spread 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 investors hopeful the economic impact of the.. Reuters - Published 2 days ago
Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode 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, mutual funds and other central banks in its.. Reuters - Published 5 days ago

To avoid a repeat of 2008, Main Street America says help needs to be fast 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 the coronavirus crisis, but needs to hit.. Reuters - Published 5 days ago
Fed's Powell says virus to dictate when U.S. economy reopens U.S. Federal Reserve Chair Jerome Powell told Americans on Thursday progress in controlling the spread of the coronavirus would determine when the economy reopens but assured them the Fed was taking.. Reuters - Published 6 days ago
Fed's Powell: U.S. may be in recession, control of virus to dictate timing of economy reopening 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 chair Jerome Powell said Thursday in an.. Reuters - Published 6 days ago

Coronavirus slowdown starts to rival Fed's doomsday bank stress test scenario The unfolding market shock and economic crisis wrought by the coronavirus disruption is shaping up to be a nightmare for the Federal Reserve – literally. Reuters - Published 1 week ago
Fed's stimulus eases global market fears, gets cash flowing By Gertrude Chavez-Dreyfuss, Kate Duguid and Abhinav Ramnarayan Reuters - Published 1 week ago
Trump, Pence held call with investors on economy - administration official U.S. President Donald Trump and Vice President Mike Pence held a conference call on Tuesday with Wall Street investors to discuss the U.S. economy, the Federal Reserve and other issues, an.. Reuters - Published 1 week ago
Stocks, gold surge on new stimulus from Fed, others Financial markets rebounded sharply on Tuesday, with a measure of global equities headed for its biggest bounce since the crisis erupted a month ago, while the safe-haven dollar recoiled as investors.. Reuters - Published 1 week ago

Boundless Fed QE fuels 2% equity bounce, calms dollar Global equities rebounded almost 2% on Tuesday, off near four-year lows, and the dollar slipped as investors pinned hopes on unprecedented stimulus steps by the U.S Federal Reserve and other.. Reuters - Published 1 week ago
Asian stocks rebound, Fed soothes with boundless QE Asian equities markets rallied on Tuesday as investors bet the U.S Federal Reserve's promise of unlimited dollar funding would ease painful strains in financial markets even if it could not stop the.. Reuters - Published 1 week ago
Asia stocks rebound, Fed pits endless QE against economic reality Asian stocks rebounded sharply on Tuesday as the U.S. Federal Reserve's promise of bottomless dollar funding eased painful strains in financial markets, even if it could not soften the immediate.. Reuters - Published 1 week ago	Historic Fed boost fails to stop Wall Street's coronavirus-driven sell-off Wall Street's slide deepened on Monday as an unprecedented moves by the U.S. Federal Reserve to shore up credit across the economy proved insufficient to sooth investors' fears about the.. Reuters - Published 1 week ago
U.S. Fed aims 'bazooka' to backstop coronavirus-hit economy The U.S. Federal Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from sweeping restrictions on commerce that scientists say are needed to slow the.. Reuters - Published 1 week ago	U.S. states, cities beg for coronavirus help; Fed tries to shield economy U.S. governors and mayors pleaded for help from the federal government and even from private citizens to fight the coronavirus outbreak as the U.S. Federal Reserve launched an extraordinary array of.. Reuters - Published 1 week ago
Market panic lingers despite unprecedented Fed support Unprecedented support from the U.S. Federal Reserve failed to lift global stock markets on Monday as investors continued to fret over the economic and human toll of the coronavirus pandemic. Reuters - Published 1 week ago	Fed boost fails to stem Wall Street rout Wall Street's slide deepened on Monday as the rapidly spreading coronavirus forced more U.S. states into lockdown, eclipsing optimism from an aggressive policy easing by the Federal Reserve and putting.. Reuters - Published 1 week ago
New York begs for federal help over coronavirus as Fed sets up fiscal supports New York Mayor Bill de Blasio pleaded for help from the federal government and from private citizens to fight the coronavirus outbreak as the U.S. Federal Reserve launched an extraordinary array of.. Reuters - Published 1 week ago	A 'bailout' for Main Street? Fed says it is on the way U.S. Federal Reserve and Trump administration officials over the last week have greased corporate and bank financial markets, freed up half a trillion dollars for central banks in other countries, and.. Reuters - Published 1 week ago
Fed aims 'bazooka' at coronavirus to backstop economy The U.S. Federal Reserve on Monday rolled out an extraordinary new array of programs aimed at blunting the "severe disruptions" to the economy caused by the coronarvirus outbreak, backstopping an.. Reuters - Published 1 week ago	Wall Street falls as Fed fails to assuage virus worries Wall Street slipped on Monday as the still rapidly spreading coronavirus forced more U.S. states into lockdown, eclipsing optimism from an unprecedented round of policy easing by the Federal Reserve. Reuters - Published 1 week ago
Fed support fails to pull stocks out of dive Fresh support announced by the Federal Reserve failed to lift Wall Street on Monday, after Europe and Asia had both been overwhelmed by the coronavirus pandemic and growing number of national lockdowns.. Reuters - Published 1 week ago	Fed: New Main Street program meant to ensure all firms have access to credit A Federal Reserve "Main Street" lending program still under development is meant to dovetail with proposals under consideration by Congress to make sure the full range of U.S. companies, from the.. Reuters - Published 1 week ago
Futures jump 3% as Fed launches aggressive credit boost U.S. stock index futures surged more than 3% on Monday, overturning early losses after the Federal Reserve took unprecedented steps to support U.S. households and companies more directly with credit as.. Reuters - Published 1 week ago	Futures pare losses after Fed launches direct cash injections U.S. stocks futures pared losses on Monday after the Federal Reserve launched unprecedented measures to support U.S. households and companies, seeking to blunt the economic damage from the coronavrius.. Reuters - Published 1 week ago
Fed mounts aggressive new steps to combat coronavirus hit to economy The U.S. Federal Reserve on Monday said it would begin backstopping an unprecedented range of credit for households, small businesses and major employers in an effort to offset the "severe disruptions".. Reuters - Published 1 week ago	Coronavirus aid bill includes $3,000 for families, $4 trillion liquidity for Fed: Mnuchin The coronavirus economic relief bill being finalized in Congress will include a one-time $3,000 payment for families and allow the Federal Reserve to leverage up to $4 trillion of liquidity to support.. Reuters - Published 1 week ago
Markets rebound as policymakers further boost liquidity European and American stocks rebounded on Thursday, halting further declines, in a sign further steps to boost liquidity by the U.S. Federal Reserve and other central banks has tentatively calmed.. Reuters - Published 2 weeks ago	U.S. recession chances now at 80% despite Fed emergency moves: Reuters poll The coronavirus crisis has almost certainly ended the longest U.S. expansion on record and pushed the economy into the start of a short slump, according to analysts polled by Reuters who gave a median.. Reuters - Published 2 weeks ago
Analyst View: Fed opens central bank swap lines to stave off coronavirus slump The U.S. Federal Reserve on Thursday opened the taps for central banks in nine new countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout. Reuters - Published 2 weeks ago	Fed opens dollar swap lines for nine additional foreign central banks The U.S. Federal Reserve opened the taps on Thursday for central banks in nine additional countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic.. Reuters - Published 2 weeks ago
Richmond Fed's Barkin: Fed moving 'aggressively' to ensure market function The Federal Reserve is "aggressively" tackling problems with market functioning and liquidity as it sees them arise, with programs like the Term Auction Facility for banks not deemed necessary yet but.. Reuters - Published 2 weeks ago	Fed moves to backstop funding for U.S. companies as coronavirus fallout spreads The U.S. Federal Reserve moved Tuesday to ensure the flow of credit to U.S. companies, banks and even local governments amid a nationwide scramble for ways to blunt the economic fallout from the.. Reuters - Published 2 weeks ago
Fed officials flag possible further steps in Fed crisis response Federal Reserve officials are deliberating over next steps in their response to the fallout from the coronavirus epidemic, with some urging a broad debate about how the central bank might help small.. Reuters - Published 2 weeks ago	Wall Street jumps after Monday's historic sell-off as Fed boosts liquidity to fight coronavirus effect The S&P 500 rose 6% on Tuesday, clawing back a significant portion of Monday's steep losses, as the Federal Reserve and the White House took further steps to boost liquidity and stem damage from the.. Reuters - Published 2 weeks ago
Fed extends loan offer to primary dealers in further credit easing The U.S. Federal Reserve moved again late on Tuesday to broaden the flow of credit in response to the coronavirus epidemic, saying it would offer short-term loans to the two dozen Wall Street primary.. Reuters - Published 2 weeks ago