by Alicia Tang | Feb 15, 2024 | Business, Featured
WASHINGTON – Economists promoted increased usage of the Fed’s discount window to insulate the economy from risks of financial crisis at a hearing on Thursday. The economists stressed the importance of destigmatizing discount window lending from the Fed before the...
by Alicia Tang | Feb 1, 2024 | Business, Featured
WASHINGTON – The Federal Reserve on Wednesday left its key interest rate unchanged for the fourth consecutive meeting, with Chair Jerome Powell quashing hope of rate cuts in March. The unanimous vote by the 12-member, rate-setting Federal Open Market Committee called...
by Clare Zhang | Jan 17, 2024 | Business, Featured, Topics
WASHINGTON – Strong economic performance, including solid retail sales growth, signals a good likelihood that the Federal Reserve board will cut interest rates this year, Federal Reserve Board Governor Christopher Waller said Tuesday. In the fourth quarter of 2023,...
by Matthew Vega | Oct 10, 2023 | Business, Featured
WASHINGTON — When American consumers deposit checks, they often wonder why it can take days to access their money even with all the modern technology that should be able to verify and transfer funds quickly. The Federal Reserve has introduced a new system to fix this,...
by Christina van Waasbergen | Oct 18, 2021 | Business
Businesses should not be allowed to refuse to accept cash because it hurts vulnerable populations, Democrats on a House Financial Services subcommittee said Thursday, as Republicans said using cash increases operating costs for small retailers. A bill co-sponsored by...
