By Panos Mourdoukoutas Stocks closed the week higher on bargain hunting despite lingering concerns that artificial intelligence (AI) could shift from a market tailwind to a headwind, alongside mixed signals on the state of monetary policy and the economy. For the week, the Dow Jones Industrial Average rose by 0.35 percent to 49,625, remaining below […]
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.
