The Federal Reserve recently unveiled the FedNow® Service, an instant payment system that offers customers and businesses immediate money transfers anytime and on any day.

Federal Reserve Chair Jerome Powell said during a June 21 Congressional hearing that Federal Reserve officials consider stablecoins money and accordingly believe the Fed should have a central role in their regulation.

In a press release issued by the Federal Reserve, recent data suggests that the U.S. economy is growing at a modest pace, with robust job gains and a steady low unemployment rate.

Philip Lowe, the Reserve Bank of Australia's (RBA) governor, announced that the RBA would fight inflation with a 25-point increase in the cash rate target, a surprise move that has already increased the cost of borrowing.

In its "Economic Well-Being of U.S. Households in 2022” report, the Federal Reserve Board is shining a light on the impact of higher prices on American households, peeling back the covers on economic challenges faced in American households.

Federal Reserve Chair, Jerome Powell, declared on May 3 that the central bank has increased its policy interest rate by 0.25% to address escalating inflation and promote economic stability.

Following its May 2-3 meeting, the Federal Reserve announced that it has raised the target range for the federal funds rate to 5 to 5-1/4 percent, in response to the modest economic growth observed in the first quarter.

The review found that SVB's management and board of directors failed to manage their risks, and the Federal Reserve's supervisors did not fully appreciate the extent of the bank's vulnerabilities.