The Fed is spending up to US$2.3 trillion to help save the U.S. economy from the coronavirus recession. But where does all that money come from?
The Federal Reserve System (also known as the Federal Reserve or simply the Fed) 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 (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. — Wikipedia
Fed chair Jerome Powell announced a radical new policy on how the central bank sets interest rates.
US central bank to take more relaxed stance on inflation and unemployment
Central bank vows to do ‘what we can for as long as it takes’ after warning that the American economy is slowing again
The Federal Reserve’s two-day policy meeting will highlight a busy week for economic news, which includes manufacturing data out of the U.S. and China.
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At 0640 GMT, the rand traded at 16.7740 per dollar, 0.56% weaker than its previous close, and retreating from a near 12-week high of 16.6400 touched earlier in the session.
International stocks declined after the Federal Reserve vowed to keep its monetary policy aggressive and struck a cautious note on jobs, prompting investors to revisit their assumptions about…
The Fed said the changes will ensure the municipal liquidity facility provides a backstop to assist U.S. states and local governments in weathering the…
The bond purchasing initiative, like all Fed initiatives, will fail to produce long-term prosperity.
Federal Reserve will allow inflation overshoots and encourage jobs recovery under new mandate
She once called for a return to the gold standard. Senate Republicans may be ready to confirm her anyway.
The Federal Reserve has to take action on this issue.