- US officials backpedal on claims that China hacked government agencies, now say they were targeted The Jerusalem Post —
- Fed Chair Warsh signals rate hikes may be needed with US inflation stubbornly elevated Channel News Asia —
- Warsh says Fed will have ‘work to do’ if inflation does not fall soon Financial Times —
- Bessent Deploys Debt Buybacks in Sign of Concern Over Yield Rise 📹 Bloomberg — · 6min
- Treasury Department to double debt buybacks after bond yield spike The Hill —
- Latest Federal Reserve minutes show more support for rate hikes as inflation fears mount NY Post —
- 'Many' Fed officials think higher rates will be needed if inflation stays high ABC News —
- Gold surges over 3% as US Treasury announcement hurts yields, dollar Korea Times —
- US long-term borrowing costs ease after government steps in BBC News —
- ‘Many’ Fed officials think higher rates will be needed if inflation stays high Winnipeg Free Press —
- 'Many' Fed officials think higher rates will be needed if inflation stays high The Independent —
- 'Many' Fed officials think higher rates will be needed if inflation stays high The Philadelphia Inquirer —
- Fed Minutes Show Many Officials Wanted Rate Hike in July Bloomberg —
- More Federal Reserve officials favored raising interest rates last month than the three who formally dissented, and others signaled they would back an increase if inflation doesn’t improve, according to minutes of the meeting Wall Street Journal —
- US boosts long-term debt buybacks after yields hit highest levels in years Business Standard —
- U.S. Fed’s inflation worries increased at July meeting, minutes show The Globe and Mail —
- Fed minutes reveal how far the case for a rate hike spread at its most divided meeting in a decade Quartz —
- FOMC appears to lean more hawkish in July meeting, according to minutes Seeking Alpha —
- More Fed Officials Lost Patience About Elevated Inflation at Latest Meeting The New York Times —
- Fed officials saw need for rate hike if inflation doesn't cool, minutes show CNBC —
Federal Reserve System
Central banking system of the United States
The Federal Reserve System is the central banking system of the United States. 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 American monetary system. Although an instrument of the U.S. government, the Federal Reserve System is considered an independent central bank due to its structural insulation from political interference. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of central bank's remit.
Also known as...
Federal Reserve, Fed, The Fed, and FRS
US backpedals on China hack claims
The Justice Department now says US agencies were 'targeted' rather than hacked by China.