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.
The proposed change would cut down FinCEN's longstanding $3,000 threshold.
US AML watchdog wants info on all international crypto transactions over $250
Russia is purportedly taking a fast-second strategy for the digital ruble.
Russia doesn’t need to be first with a digital currency, says state expert
The U.S. doesn't mind coming a bit late to the CBDC party, but is that the wrong approach?
Pomp says US digital dollar needs to happen now
Important questions about CBDCs remain unanswered for the Kiwis' central bank.
New Zealand has no imminent plans to issue CBDC, says central bank exec
The U.S. already has a “safe and active dynamic domestic payment system,” Powell argued.
Better to get it right than to be first with CBDC, says US Fed chair
The report is a major step towards pushing central bank digital currencies forward.
Central banks detail CBDC expectations in massive joint document
Answers on money printing and rising markets during a pandemic.
Technology itself is deflationary, Diginex CEO says