By Andrew Moran August saw an unexpected rise in import prices, signaling that foreign companies chose not to lower their costs, according to new U.S. government data released on Sept. 16. According to the Bureau of Labor Statistics, import prices rose 0.3 percent last month from a 0.2 percent boost in July. This represented 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.
