Reposition
The Federal Reserve is the central banking system of the United States comprised on twelve regional Federal Reserve Banks owned by member banks and overseen by an appointed board of governors. The Federal Reserve Bank has a mission of maximizing employment, stabilizing prices, and moderating long-term interest rates, supervising and regulating banks, enabling stability in the US financial system, and facilitating banking services for banks and the government. The FedNow Service is a new instant payment infrastructure developed by the Federal Reserve that allows financial institutions of every size across the U.S. to provide safe and efficient instant payment services. The FedNow Service will be deployed in phases, with the initial launch taking place July 2023.
Federal Reserve Bank - Recent News & Articles
The federal IOU is now at $34.5 trillion, or about $11 trillion higher than where it stood in March 2020. Chatter has spilled into government and fina...
India’s central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurt...
South Korea’s central bank lowered its key policy rate for a second straight month and said the country’s economy will grow at a slower pace than it i...
The Bank of England aims to develop the ability to lend to non-bank financial institutions (NBFIs). It is doing so to address potential liquidity chal...
From the Fed: Minutes of the Federal Open Market Committee, November 6–7, 2024. In their discussion of financial stability, participants who commented...
A Bitcoin-related bill is gaining support in the United States, signaling a potential boost for the cryptocurrency’s value, which could hit $1 million...
Interest rates are coming down, but only after one of the most brutal monetary tightening periods in modern history. And they’re probably coming down ...
Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Ba...
Klarna, which is known for its popular buy now, pay later business, said Wednesday it has confidentially filed IPO documents with the SEC. Analysts re...
Authorised Push Payment (APP) fraud continues to be one of the most pressing concerns for financial services, the payment industry, law enforcement an...