By Andrew Moran Robust consumer spending and a rebound in exports have helped the U.S. economy grow faster than economists expected, according to delayed Bureau of Economic Analysis data released on Dec. 23. Real gross domestic product (GDP) expanded at a rate of 4.3 percent in the third quarter, up from 3.8 percent in the […]
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.
