Federal Reserve

RECENT NEWS
MarketWatch  Feb 17  Comment 
The surprise jump in consumer inflation in January has bolstered expectations that another interest rate hike from the Federal Reserve is coming soon.
Forbes  Feb 17  Comment 
If you don’t like the idea of living in the same neighborhood as your parents, you may have a reason to reconsider. A new study by the Cleveland Federal Reserve shows that people who lost their job and lived near their parents were able to grow...
Clusterstock  Feb 17  Comment 
Economists are worried that President Donald Trump's plan to introduce a so-called border tax on imports could cause a spike in inflation. The logic here is simple: Lots of goods consumed in the US are made overseas, from Mexico to China....
New York Times  Feb 16  Comment 
There are good reasons to worry about efforts to get the central bank to operate on the same page as President Trump.
Forbes  Feb 16  Comment 
Daniel Tarullo announces resignation from Federal Reserve, could help President Donald Trump deregulate Wall Street.
MarketWatch  Feb 16  Comment 
Sen. Heidi Heitkamp asked Fed chief Yellen about the issue of automation taking U.S. jobs, and she didn’t like the answer she received.
The Hindu Business Line  Feb 16  Comment 
Comex gold futures rose on Thursday as the dollar drifted from one-month highs in the previous session on upbeat US economic data that boosted the prospect of a rate hike by the Federal Reserve next ...
MarketWatch  Feb 16  Comment 
Fed Chairwoman Janet Yellen's two-days of testimony to Congress earlier this week signaled there will likely be interest-rate hikes this year and she kept the door open for a March meeting, said Dennis Lockhart, the head of the central bank's...
newratings.com  Feb 16  Comment 
WASHINGTON (dpa-AFX) - A reading on Philadelphia-area manufacturing activity unexpectedly showed a substantial acceleration in the pace of growth in the month of February, the Federal Reserve Bank of Philadelphia revealed in a report on...




RELATED WIKI ARTICLES

Related Articles

 
TOP CONTRIBUTORS

The Federal Reserve is the third central bank of the USA. It was legally established on December 23, 1913, when US president Woodrow Wilson signed the Federal Reserve System Act. The Federal Reserve was blamed to have deepened the Great Depression after the crash of 1929. In a panicky reaction it then deflated money supply, causing a lasting and deep economic contraction.

In the inflationary period from 1973 - caused by the first oil shock - to 1981 chairman Paul Volcker managed to battle inflation successfully by raising the leading interest rate to more than 20%. At the same time Volcker succeeded in keeping the economy out of a drawn-out recession.

The policy style changed with the nomination of Alan Greenspan in 1987. Only 2 months into office Greenspan was confronted with the Black Monday of 1987, when the Dow Jones Industrials Average fell 22%, its biggest loss ever in a day. Remembering the fatal results of tight liqudity after the crash of 1929 Greenspan offered banks all the funds they needed in order to avoid a meltdown of the stock market. Alan Greenspan can also be credited with blowing up the biggest debt bubble of all times in the new millennium. By lowering the Fed Funds rate to a record low of 1% the Federal Reserve contributed heavily to the American housing boom that turned out to be a bubble based on easy credit. Greenspan conceded in 2008 to Congress that he erred on wrong side when the Federal Reserve thought that the financial industry should not be burdened with more oversight. At this time the USA had fallen in the biggest financial crisis ever.

Wow, your post makes mine look febele. More power to you!

Please teach the rest of these internet hooliagns how to write and research!

The Federal Reserve Banks

The 12 Federal Reserve Banks were established by Congress as the operating arms of the nation's central banking system. Many of the services provided to depository institutions and the federal government by this network of Reserve Banks are similar to services provided by commercial banks and thrift institutions to business customers and individuals.

Reserve Banks

  • hold the cash reserves of depository institutions and make loans to them
  • move currency and coin into and out of circulation, and collect and process millions of checks each day
  • provide checking accounts for the Treasury, issue and redeem government securities, and act in other ways as fiscal agent for the U.S. government
  • supervise and examine commercial banks that are members of the Federal Reserve System for safety and soundness
  • participate in the activity that is the primary responsibility of the Federal Reserve System, the setting of monetary policy.
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki