By Andrew Moran The Federal Reserve voted to leave interest rates unchanged at the September Federal Open Market Committee (FOMC) policy meeting, keeping the benchmark fed funds rate at a range of 5.25 percent and 5.5 percent, the highest in 22 years. Central bank officials left the door open for one more rate hike before […]
Tag: Federal Reserve System
The 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.
