federal reserve

The Federal Reserve (known informally as "The Fed") was created in 1913 when President Woodrow Wilson signed the Federal Reserve Act into law, which effectively centralized America’s banking system. The Board of Governors is the presidentially appointed governing body.

The Federal Reserve has four basic functions, though it provides a variety of services to the United States Government. First, it influences market conditions by regulating national interest rates. Second, it supervises banking institutions and safeguards consumer credit rights. Third, it attempts to stabilize financial markets that would otherwise undermine the economic stability of the United States. Finally, it offers a variety of financial services to U.S. and internationally recognized foreign institutions.

The Federal Reserve also controls the discount rate (a basic interbank lending rate), and has the power to bail out major corporations, pending congressional approval - a power that is, however, highly contested in the political discourse.

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Latest blogosphere posts tagged “federal reserve”

• British regulators disclose terms of emergency aid during panic of 2008

  
  Credit Writedowns — Authority: 686
  The Financial Times reports that British regulators have now opened up to reveal more of the details surrounding the emergency aid banks received during the most acute periods of stress to date in the financial crisis.  Meanwhile, in the U.S., the Federal Reserve continues to resist providing greater details. The ...
  3 hours ago

• The Federal Reserve is not, and should not be, independent

  
  Ezra Klein — Authority: 809
  Tim Fernholz gives voice to some slightly heretical thoughts about pulling Ben Bernankes renomination as chairman of the Federal Reserve and replacing him with a more full-employment oriented leader, like Federal Reserve governor Janet Yellen. But no, you gasp! That would be influencing the Fed! Well, yes: Right ...
  3 hours ago

• RP - Audit the Fed

  
  Biiwii (but... it is what it is) — Authority: 483
  
  4 hours ago

• Place Your Bets on Who Can Pay Back TARP

  
  Jr Deputy Accountant — Authority: 140
  The Fed wants to hear how some of the lagging TARP banks plan to pay that shit off now that the Fed has declared they can. This should work out great. Have they seen SunTrust lately ? Atlanta fucking Fed! Wake up! You have the MOST #bankfailfriday banks of ALL Fed regional banks and cant afford to blow this one. ...
  5 hours ago

• Before the bell: Stocks futures steady ahead of GDP, housing data

  
  BloggingStocks — Authority: 670
  Filed under: Before the bell , International markets , Hewlett-Packard (HPQ) , Market matters , Economic data , Housing , Federal Reserve , Financial Crisis U.S. stock futures were mixed Tuesday morning, trading in a tight range after snapping a three-day losing streak Monday with a strong rally. This ...
  5 hours ago

• Dollar Stabilizes before GDP data

  
  Forex Trading Education : Forex Trading Blog by FOREXYARD — Authority: 142
  The U.S dollar rose Tuesday as a decline in stocks and dimming expectations about the U.S. economic recovery increased demand for U.S currency perceived as safer. Some investors buy the Dollar, seen as a safe haven, against other higher-yielding currencies and sell assets like stocks and commodities when economic ...
  5 hours ago

• Scare-Mongering Over Fed Oversight Bill

  
  Fuck Bankers — Authority: 170
  Full disclosure: I love Andrew Ross Sorkin’s Too Big To Fail and think everyone should read it. But having said that, Sorkin has spent a bit too much time running with the big dogs. In today’s piece in the New York Times , he hones in on an amendment added to the Paul/Grayson bill passed last week that is ...
  8 hours ago

• Scare-Mongering Over Fed Oversight Bill

  
  naked capitalism — Authority: 737
  Full disclosure: I love Andrew Ross Sorkin’s Too Big To Fail and think everyone should read it. But having said that, Sorkin has spent a bit too much time running with the big dogs. In today’s piece in the New York Times , he hones in on an amendment added to the Paul/Grayson bill passed last week that is ...
  8 hours ago

• Scare-Mongering Over Fed Oversight Bill

  
  Gulag Blog — Authority: 170
  Full disclosure: I love Andrew Ross Sorkin’s Too Big To Fail and think everyone should read it. But having said that, Sorkin has spent a bit too much time running with the big dogs. In today’s piece in the New York Times , he hones in on an amendment added to the Paul/Grayson bill passed last week that is ...
  8 hours ago

• Ron Paul: Gold Is Telling Us That The US dollar Is In Danger

  
  prudent investor newsletters — Authority: 134
  Congressman Ron Paul rebuts on some objections of his Audit The Fed bill at a CNBC interview Some notes: Audit The Fed bill -is not about running monetary policy -is against secrecy...Fed Independence is secrecy. Paul wants transparency -Gold is telling us that the US dollar is in danger -Audit of the fed won’t ...
  9 hours ago

• econocrash: goldrush, glitches & the recipe for disaster

  
  media monarchy — Authority: 434
  obamas feeble dollar sparks a new goldrush* fed sets attack dogs on ron paul after audit amendment passes* end the fed rallies across america* fury as credit crunch civil servant lands rothschild job* canadian bankruptcies soar 43%* glitch could cost a million jobless* student protests continue at california ...
  11 hours ago

• Lessons from the Japanese: Time to Stop Borrowing Money and Start Printing It by Dr. Ellen Brown

  
  Dandelion Salad — Authority: 540
  by Dr. Ellen BrownFeatured WriterDandelion Saladwebofdebt.comNov 23, 2009“We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a ...
  13 hours ago

• Today at TNR (November 24, 2009)

  
  The New Republic - The Plank Feed — Authority: 152
  How Wall Street Was Defeated on Capitol Hill--For Now , by Noam Scheiber Can Reform Actually Improve Medical Care? Not-So-Promising Signs From the Senate Bill. by Jonathan Cohn The Problem with Putting a Price Tag on Nature , by Bradford Plumer How Geithner Can Fix His Image Problem , by Noam Scheiber ...
  13 hours ago

• The “ZIONIST” Elephant: The Facts and the Reality

  
  Pragmatic Witness — Authority: 100
  The Zionist Elephant In The Room The David Icke Newsletter The Elephant In The Room… … BUT SEE IT AND YOU’RE ‘RACIST’ Hello all … The political creed of Zionism has big ears and a long trunk and I think it’s time that was pointed [...]
  13 hours ago

• Worth Reading

  
  The New Republic - the stash Feed — Authority: 138
  Bloggers agree , wave of U.S. debt doesnt mean apocalypse is anywhere near. Economic reasons have little to do with why people dislike immigrants . David Warsh: Unlike the SEC, the Fed doesnt ask Congress for money , which shields it from lobbyists. Fed asks banks to start thinking about giving back ...
  13 hours ago

• If there is a second downturn like in the Great Depression it will be a doosey.

  
  InvestmentWatch — Authority: 155
  The government and the Fed can do no more than they already have, if not less. You can’t go lower than 0 fed funds rate, QE is already in place, the Federal Reserve is backstopping bonds which is just a form of unreported redivatives, and the government is already bushing the barrier on US Treasury bonds they can ...
  13 hours ago

• Who’s buying up all the sellers, especially at the end of the day every day?

  
  InvestmentWatch — Authority: 155
  It still has us all scratching our heads. Even traders brace for the last 5 minute push up these days. And is there any chance the government is somehow subsidizing someone? Conspiracy theories abound mainly because the government and the Federal Reserve has lost all semblance of honesty, transparency, and forthright ...
  13 hours ago

• The Beginning of the End for the Fed

  
  (d)N0t Dream Not Of Today a gonzo blog covering policy, technology and punk rock from San Francisco, California. — Authority: 127
  Last Thursday, the House Finance Committee, by a vote of 43-26, voted to approve an amendment to finally audit the Federal Reserve. As Rob and I discussed in an earlier roundtable podcast , the Paul/Grayson amendment is attempting to audit the Fed, which would mean a public disclosure of all its most recent economic ...
  15 hours ago

• Ron Paul: Audit the Fed - CNBC.com

  
  The Information Paradox — Authority: 492
  Ron Paul: Audit the Fed - CNBC.com
  17 hours ago

• Virginia News Stand: November 23, 2009

  
  FamilyFoundationBlog.com — Authority: 138
  Annotations & Elucidations Will Dave Marsden’s Quick Move Move Him To The Senate Or Backfire? News in the two Virginia Senate special elections is heating up. In the 37th district, which is open due to the election of Attorney General-elect Ken Cuccinelli , Democrat Delegate Dave Marsden  is being ...
  18 hours ago

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