The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor..
Central banking system of the United States
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.
You might like
Federal Reserve media coverage
[NFA] Members of the U.S. Congress scrambled on Saturday to resolve the last obstacles to completing a $900 billion package of..
RiverFront Investment Group's Kevin Nicholson plans to keep an eye on the Federal Reserve next week, which is expected to tweak its..