Federal Reserve

RECENT NEWS
Mondo Visione  9 min ago  Comment 
Thank you everyone for participating today. I would like to welcome Chairman Massad, Commissioner Bowen, and Commissioner Giancarlo, and extend a special warm welcome to our expert panelists. Our panelists join us from around the globe and...
The Economist  3 hrs ago  Comment 
DURING a financial panic, said Walter Bagehot, a former editor of The Economist, a central bank should help the deserving and let the reckless go under. Bagehot reckoned that the monetary guardians should follow four rules: lend freely, but only...
MarketWatch  4 hrs ago  Comment 
Former Fed official Donald Kohn says the debate is now between a rate hike in September and December, with June off the table given the disappointing retail sales data.
Wall Street Journal  25 min ago  Comment 
Yahoo  6 hrs ago  Comment 
U.S. producer prices resumed their downward trend in April as the cost of energy fell and a strong dollar kept underlying inflation pressures benign, supporting views that the Federal Reserve will only raise interest rates later in the year. The...
MarketWatch  8 hrs ago  Comment 
The U.S. economy requires a Federal Reserve that people believe all the time, not just when it says it’s going to fight inflation.
The Hindu Business Line  May 14  Comment 
The South Korean won rose early on Thursday as poor US retail sales data was widely seen as easing the case for an early interest rate increase by the Federal Reserve. The won was up 0.5 pe...
MarketWatch  May 13  Comment 
Former Federal Reserve Chairman Alan Greenspan warned on Wednesday that markets will get another “taper tantrum” when the Fed raises interest rates for the first time in about nine years.
The Economist  May 13  Comment 
Dole queue blues HOW strong is the American economy? Forecasters are pretty confident: the average prediction is for 2.6% GDP growth this year and for 2.8% in 2016. But actual growth was just an annualised 0.2% in the first quarter and, after...
Yahoo  May 13  Comment 
According to a report from the San Francisco Federal Reserve, it still very much pays to go to college.
Yahoo  May 13  Comment 
U.S. import prices fell for a 10th straight month in April, likely reflecting the impact of a strong dollar, a sign of benign inflation pressures that could encourage the Federal Reserve to delay raising ...




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