By Andrew Moran Federal Reserve Governor Stephen Miran said the U.S. central bank should be more aggressive in cutting interest rates. Last week, the Fed lowered a key policy rate by a quarter point for the first time this year to a new target range of 4 to 4.25 percent. While investors anticipated substantial rate-cutting […]
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.
