By Chase Smith In a discussion on U.S. and Canadian economic policies, Federal Reserve Chairman Jerome Powell said there has been a significant decline in inflation over the past year but expressed concern over recent data. “We took a cautious approach and sought greater confidence so as not to overreact to the string of low […]
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.