federal reserve

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.

Source: federalreserve.gov

Trump Picks Michelle Bowman for Fed Supervision Vice Chair
Trump Picks Michelle Bowman for Fed Supervision Vice Chair
March 13, 2025  |  Bank Regulation

Federal Reserve Governor Michelle Bowman has reportedly been tapped to serve as the central bank’s vice-chair of supervision. President Donald Trump plans to nominate Bowman...

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Report: Fed Governor Michelle Bowman Likely Pick for Vice Chair for Bank Supervision
Report: Fed Governor Michelle Bowman Likely Pick for Vice Chair for Bank Supervision
March 11, 2025  |  Bank Regulation

Federal Reserve Governor Michelle Bowman is reportedly the front-runner to become the next vice chair for bank supervision. Bowman, who was appointed to her current...

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NY Fed: Consumers Feeling Gloomier About Financial Futures
NY Fed: Consumers Feeling Gloomier About Financial Futures
March 11, 2025  |  Consumer Finance

New data shows growing financial pessimism among Americans, the latest sign of shaky consumer confidence. The February installment of the Federal Reserve Bank of New...

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Credit Quality Weakens Slightly Among Borrowers Owing Over $100 Million
Credit Quality Weakens Slightly Among Borrowers Owing Over $100 Million
March 10, 2025  |  Debt

The credit risk associated with large, syndicated bank loans remains moderate, although there are some continuing trends in weakened credit quality, three federal bank regulatory...

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Revolving Debt and Credit Card Spending Muted in January
Revolving Debt and Credit Card Spending Muted in January
March 07, 2025  |  Consumer Finance

After a holiday spending frenzy, consumers have returned to a more normalized rate of spending, as measured in incremental borrowing on credit cards and other...

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Fed Beige Book Data Highlights Pressure on Consumer Spending
Fed Beige Book Data Highlights Pressure on Consumer Spending
March 05, 2025  |  Economy

The word “uncertainty” appears in the Federal Reserve’s latest Beige Book 34 times. The report, which comes out eight times a year and offers qualitative...

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Fed Scrutiny Increases on Private Credit’s Risk and Reward
Fed Scrutiny Increases on Private Credit’s Risk and Reward
February 21, 2025  |  Regulation

Generally speaking, the more capital in the markets, the better — as that money finds its way into new growth opportunities (including innovative firms) and...

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Fed Governor Michelle Bowman: Banking Regulations Should Allow Innovation
Fed Governor Michelle Bowman: Banking Regulations Should Allow Innovation
February 17, 2025  |  Bank Regulation

The regulatory framework should not prevent banks from providing innovative and competitive products and services, Federal Reserve Gov. Michelle W. Bowman said Monday (Feb. 17). Speaking...

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Consumer Borrowing Jumps by Record $40.8 Billion
Consumer Borrowing Jumps by Record $40.8 Billion
February 09, 2025  |  Consumer Finance

U.S. consumer borrowing saw a surprise surge in December, the largest increase on record. Total credit rose by $40.8 billion following a $5.4 billion decline...

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