Federal Reserve News
The Federal Reserve. or The Federal Reserve System, is the central bank of the United States that was founded in 1913 by the U.S. Congress in order to establish central financial control. The Federal Reserve is responsible for a lot of functions, so some may become confused about its role and ask the question “what does the Federal Reserve do?” The main objectives of the Federal Reserve System were established along with its founding in 1913. They are: maximizing employment, stabilizing prices and moderating long-term interest rates. Those are achieved by open-market operations, placing the discount rate, and establishing reserve requirements for financial institutions. Decisions and prognoses of the Federal Reserve are crucial for world’s economy because most economic operations are dependent on the U.S. dollar, which falls under the Federal Reserve’s control.
A U.S. think tank working towards a digitized dollar has released a white paper detailing inaugural aims and use cases for a central bank digital currency.
Digital Dollar Project Releases White Paper Laying Out Groundwork for US CBDC
With the Federal Reserve now allowing US banks to issue loans with zero reserve, is Tether better off backed by Bitfinex shares than dollars backed by nothing?
Do Zero-Reserve Loans Make Tether Better Off Backed by Bitfinex Stock?
The centralized financial system has compromised itself several times during the last two decades alone, and now it’s time for a serious change!
Master of Puppets: Bitcoin Cuts the Strings
The COVID-19 pandemic has revealed serious problems of the currently existing financial system as well as the Bitcoin’s benefits over it.
Bitcoin Will Create a New Economic Elite in 2020
Judy Shelton, President Trump's nominee for the Federal Reserve board of governors, has advocated for getting back to a gold standard, possibly "in a very crypt...
Trump's Fed Nominee Advocates a Gold-Backed Currency, Even a Crypto One
A data-based approach to cryptocurrency investment shows promise, so why are investment advisors at top firms still pushing clients away?
Smoke and Mirrors as Mainstream Banks Discourage Clients From Crypto
Fed Chairman Jerome Powell said the bank has flooded the economy with money and would continue lending programs for as long as they’re needed.
Fed Chair: ‘We Have the Ability to Create Money Digitally’