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Federal Reserve System
central banking system of the United States
The Federal Reserve System is the central banking system of the United States. 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 American monetary system.
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In the news
18 stories- 21hWholesale Prices Jump 6.3%Center & RightIt followed a consumer inflation report showing prices still above the Federal Reserve’s target.Center & Right26articles
- Oct 14U.S. Inflation Spikes Before MidtermsBalancedThe Federal Reserve meets next on October 27–28.Balanced73articles
- Oct 9Trump Orders Fed's Lisa Cook ProbeBalancedPresident Donald Trump established a committee of inquiry to investigate allegations that Federal Reserve Governor Lisa Cook made false statements on mortgage documents.Balanced33articles
- Oct 7Fed Signals Another Rate HikeMostly CenterFederal Reserve officials signaled that another interest rate increase would likely be needed by year’s end, minutes from their September meeting showed.Mostly Center13articles
- Oct 2DOJ Rejects Jerome Powell ProbeMostly LeftThe Justice Department said it will not reopen a criminal investigation into former Federal Reserve Chair Jerome Powell over cost overruns in the Fed’s headquarters renovation.Mostly Left6articles
- Oct 2U.S. Job Growth SlowsBalancedThe report followed a stronger private-payroll reading and landed as the Federal Reserve weighs whether inflation still requires higher interest rates.Balanced27articles
- Sep 30Fed Renovation Shake-UpBalancedThe Federal Reserve’s inspector general said the central bank’s headquarters renovation was badly mismanaged.Balanced31articles
- Sep 30Fed Inflation Gauge CoolsCenter & RightThe Commerce Department said the Fed’s preferred inflation gauge rose 0.Center & Right12articles
- Sep 30ADP Reports 90,000 JobsMostly CenterIt lands as Federal Reserve officials focus more on stubborn inflation, which led them to raise interest rates earlier in September.Mostly Center5articles
- Sep 25Treasury Yields Keep ClimbingBalancedStrong economic data, hawkish Federal Reserve messaging and a weak Treasury auction helped drive the latest spike.Balanced6articles
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