Federal Reserve

Reuters  2 hrs ago  Comment 
The Federal Reserve has rolled out a series of announcements, online forums and meetings with Americans this year in response to outspoken civic groups and many Democrats, including Hillary Clinton, calling for a more transparent and inclusive...
Clusterstock  3 hrs ago  Comment 
Houston's economy is cooling down. The Texas city profited from an oil boom in the early 2010s and became the biggest contributor to growth in the world's largest economy.  However, the downturn in energy prices is crushing Houston's economy,...
Benzinga  Oct 19  Comment 
  The MBA’s index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET. Data on housing starts for September will be released at 8:30 a.m. ET. San Francisco Federal Reserve Bank President...
Wall Street Journal  Oct 18  Comment 
Prices are picking up, and the Federal Reserve isn’t likely to stand in their way.
Wall Street Journal  Oct 18  Comment 
Stocks in Asia gained as weak economic data from the U.S. prompted traders to dial back expectations that the Federal Reserve will raise interest rates in December.
Reuters  Oct 18  Comment 
The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labor market and how quickly interest rates should rise.
newratings.com  Oct 17  Comment 
WASHINGTON (dpa-AFX) - The dollar is gradually declining against all of its major competitors Monday afternoon, following the release of a pair of disappointing economic reports. The weak data seems to have further clouded the outlook for interest...
Clusterstock  Oct 17  Comment 
Industrial production, the Federal Reserve's measure of the US manufacturing sector, missed expectations for the month of September. The index increased just 0.1% for the month, missing economists expectations of an increase of 0.2%, based on...
MarketWatch  Oct 17  Comment 
Gold futures settle slightly higher Monday as traders look to upcoming U.S. economic data, comments from various Federal Reserve speakers and a meeting of the European Central Bank for clues on monetary policy.
guardian.co.uk  Oct 17  Comment 
Reports of cabinet split over Brexit strategy sent gilt yields to their highest level since June, and kept the pound below $1.22 Fed’s Fischer on low interest rates British gilts are dropping in value Pound languishes below $1.22 Politics...


Related Articles


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