By Andrew Moran Half of loan or financial products applicants have been denied since the Federal Reserve first started raising interest rates in March 2022, according to a new study by Bankrate. Seven percent of applicants have been rejected for more than one financial product, the survey found. Younger generations and parents of minors were […]
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.