Federal Reserve

Federal Reserve

The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created in 1913, with the enactment of the Federal Reserve Act, and was largely a response to prior financial panics and bank runs, the most severe of which being the Panic of 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were some of the major factors leading to changes in the system.

Articles About Federal Reserve

US Housing Sector
Record-Low Mortgage Rates - Are They Hurting U.S. Housing Market?

By IBTimes

U.S. mortgages rates have dropped to record lows for four consecutive weeks, but that doesn't mean more homes will be sold. In fact, at least one housing expert argues that extremely low rates are causing banks to be even more stringent with und... (10:57 am)

MORE TOPICS: BEN BERNANKE, JPMORGAN CHASE, WELLS FARGO, FREDDIE MAC, NYSE, NEW YORK

Fed's Plosser warns on discretionary policy decisions

By Reuters

The debate over how the Federal Reserve can best articulate its policy actions grew on Friday as a top Fed official warned against discretionary decisions, and asked whether a more systematic approach was desirable. (10:42 am)

MORE TOPICS: NEW YORK

Europe's slump deepens; U.S., China lose momentum

By Reuters

The shadows over the global economy darkened on Thursday as the euro zone's private sector contracted, U.S. manufacturing growth slowed and China's once-booming factories faltered. (6:28 pm)

MORE TOPICS: CHINA, COMMERZBANK, WELLS FARGO, GERMANY, MANUFACTURING, RETAIL SALES

Federal Reserve Bank of Kansas City.
Manufacturing In Central Western States Rebound In May

By IBTimes

The Federal Reserve Bank of Kansas City said Thursday that manufacturing growth in the Midwest and part of the Rocky Mountain region rebounded in May and that firms were more optimistic than in previous months. (5:42 pm)

MORE TOPICS: MANUFACTURING, MEXICO

Ron Paul 2012
Is Ron Paul 2012 Trying To Upstage Mitt Romney In Tampa? Paul Festival 2012 Would End Day Before Convention Starts

By IBTimes

Is Ron Paul 2012 trying to upstage presumptive Republican presidential nominee Mitt Romney during the 2012 Republican National Convention in Tampa? (5:41 pm)

MORE TOPICS: FLORIDA

Euro zone slump deepens, China falters

By Reuters

The shadows being cast over the global economy darkened this month as the euro zone's private sector declined further and China's once-booming factories faltered, business surveys showed on Thursday. (May 24)

MORE TOPICS: CHINA, HSBC, GERMANY, MANUFACTURING, EUROPEAN UNION, RETAIL SALES

GE's Immelt still aims for 'smaller' finance arm

By Reuters UK

General Electric Co <GE.N> plans to continue to shrink its finance arm, pulling back from consumer finance and reducing its real estate holdings, but Chairman and Chief Executive Jeff Immelt said on Wednesday he did not know how long the change would take. (May 23)

MORE TOPICS: GENERAL ELECTRIC, INDIA, FLORIDA, NEW YORK

The Real Crash

By Euro Pacific Capital

I first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market "experts" laughed at when I warned of trouble brewing in the seemingly indestructible American economy. (May 23)

MORE TOPICS: UNEMPLOYMENT, BEN BERNANKE, MANUFACTURING, GDP

ator Bernie Sanders (I-VT) is interviewed by a Reuters reporter at Sanders' office in Burlington, Vermont
JPMorgan Losses Give Boost To US Sen. Sanders' Bank Bill

By IBTimes

The recent multibillion-dollar trading loss suffered by JPMorgan Chase & Co. (NYSE: JPM), the country's largest bank by assets, has strengthened the case against letting bank executives serve as directors of Federal Reserve regional banks and thus regulating themselves, policy makers say. (May 23)

MORE TOPICS: SEC, JPMORGAN CHASE, TIMOTHY GEITHNER, GOVERNMENT ACCOUNTABILITY OFFICE, NEW YORK, MICHIGAN, NYSE

Guessing game begins over next Treasury chief

By Reuters

Wanted for the Treasury Department: a new boss who can fix trillion-dollar-plus budget deficits, overhaul the tax system and spur a reluctant Europe into fixing its debt crisis. (May 23)

MORE TOPICS: CHINA, BARACK OBAMA, BEN BERNANKE, FANNIE MAE, GOLDMAN SACHS, JPMORGAN CHASE

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