#federal reserve bank

[nodynasty4us]

From the January 18, 2024 article:

“Tonight, I am also making another promise to protect Americans from government tyranny,” Trump said at a rally in Portsmouth, N.H. “As your president, I will never allow the creation of a central bank digital currency [CBDC].”

“Such a currency would give a federal government, our federal government, the absolute control over your money,” he added. “They could take your money. You wouldn’t even know it was gone. This would be a dangerous threat to freedom.”

...

While President Biden called for additional discussion and research into a CBDC system in a September 2022 executive order, Fed Chair Jerome Powell said in March that the Fed and a Treasury-led interagency working group had not yet made “any real decisions” on the issue.

Powell has also previously emphasized that the central bank would not move forward with a digital dollar without approval from Congress.

(Via Ground News.)

[shadowofthecactus]

our worthy creator provides enough

Up past bedtime, but sleep eludes me. Mind racing, angry and discouraged feelings and unaccepting thoughts hurriedly climb penrose stairs and rapidly descend into my madness. I purse my lips, knowing my words are empty. meaningless, slave-owning whigged old white men, also with lips pursed–and long decomposed corpses–still somehow rule the nation. Their false teeth are worth more than the…

[jobkash]

Summer 2025 Internship – Internal Controls (SOX/COSO)

CompanyFederal Reserve Bank of DallasWe are dedicated to serving the public by promoting a strong financial system and a healthy economy for all. These efforts take a team of dedicated individuals doing many different jobs. Together we’re creating a workplace where talented people can thrive, and we welcome your unique background and perspective to help present the best possible solutions for our…

[liberty1776]

The Fed has been the source of booms, busts, and the ongoing impoverishment of Americans since the Fed’s founding. This is why a new, critical look at the Federal Reserve is needed, and why the Mises Institute is now happy to bring you this new documentary on the Fed. Playing with Fire provides a look at how the Fed uses its expanding power to damage our economy, increase inequality, and to impoverish ordinary Americans. The film also looks at how much the Fed has expanded its own power since the Financial Crisis of 2008. Featuring interviews with Ron Paul, Tom DiLorenzo, … Continue reading →

[siliconpalms]

Jackson Hole Economic Symposium: A Cornerstone of Global Economic Discourse

The Jackson Hole Economic Symposium, an annual event organized by the Federal Reserve Bank of Kansas City, has solidified its position as one of the most influential and closely watched gatherings in the world of central banking and economics. Held in the picturesque setting of Jackson Hole, Wyoming, this event has become synonymous with high-level economic discourse, where central bankers,…

[santeptrader]

Powell raffredda Wall Street: Inflazione e Lavoro complicano

Powell ha ribadito il suo rifiuto di un imminente taglio dei tassi, sottolineando che l’inflazione e le sfide nel mercato del lavoro rappresentano problemi significativi da affrontare. FILE PHOTO: A screen displays a statement by Federal Reserve Chair Jerome Powell following the U.S. Federal Reserve’s announcement as a trader works on the trading floor of the New York Stock Exchange (NYSE) in…

[dayofbanks]

Monetary Policy and the Evolution of Wealth Disparity - An Assessment Using US Survey of Consumer Finance Data.

This session examines the distributional effects of recent - monetary policies on income and wealth. Using the Federal Reserve Board's Survey of Consumer Finances, the research tracks key subpopulations as monetary policy shifted from conventional interest rates to Quantitative Easing. Employing advanced modeling techniques, the study analyzes volatility and bifurcation in capital gains and incomes among U.S.

Watch the Monetary Policy and the Evolution of Wealth Disparity - An Assessment Using US Survey of Consumer Finance Data!

[frb-federal-credit-union]

Search for Financial Services: Federal Reserve Board Credit Union

Searching for financial services in the local area can be daunting for an individual looking for financial stability at the best credit union bank in the locality. This service is used to aid needy people looking for loans in the locality. To resolve this problem, our Reserve Board Credit Union provides various loan services to customers. So that customers can have various options that can help them have a stable lifestyle. 

Federal Reserve Board Credit Union

Competitive Interest Rates: The Federal Reserve Board credit union provides the interest rate according to the amount.

Member-Centric Approach: There is a membership approach instead of a client-based entry in traditional banks.

Local Connections: Our bank believes in making connections with the people in the nearby area so that they can get better facilities near their locations.

Various Finance Services: Our bank can provide several types of finance-related services for clients. So that they can have better options for their investments. 

Federal Reserve Bank HR

The HR department of the bank has many responsibilities. Who arranges multiple services for the employee and the members. Such as the qualification of the employees, employee relations, administrative service, training, management, etc. 

Federal Reserve Bank Employee Pension 

Defined Benefit Plans: Employees enjoy the security of pension plans. These plans make sure that the service pensions. The bank offers reliable income.

Employee Contributions: The employee saves his amount for the pension by sharing some amount in some program for the future.

Eligibility: There are criteria for the Federal Reserve Bank under which the member should be eligible for the pension scheme. 

Supplemental Savings Options: There are Supplemental Savings Options available where members should access the 401K plans, which give flexibility and customization in the pension plan in the future.

Financial Wellness Programs: Our bank also conducts various programs to raise awareness about the financial wellness culture, which includes the acknowledgment of pension planning in the future. 

In conclusion, there are various types of financial services and plans at the Federal Reserve Bank that provide services to their employees, such as pension plans and credit union plans, through which employees can get better options in general. Our bank's main motive is to provide the best services to its employees so that they have a better lifestyle. They not only count as employees but also as members of the bank, having access to the various services provided by the bank.

[abovetopsecretxxl]

Has the Federal Reserve Bank achieved a soft Landing in 2023 ? Congress Original Document

https://berndpulch.org/2023/12/18/has-the-federal-reserve-bank-achieved-a-soft-landing-in-2023-congress-original-document/

[kc22invesmentsblog]

The $100,000 Bill: A Glimpse into the Fascinating World of U.S. Currency

Written by Delvin Within the vast realm of U.S. currency, there exists a hidden gem shrouded in mystery and rarity—the $100,000 bill. While many of us are familiar with the $1, $5, $10, and even $100 bills, the existence of a denomination this large may come as a surprise. Join us as we delve into the intriguing story of the $100,000 bill, its purpose, and why it remains an elusive treasure…

[xtruss]

What Drives Inflation So Sticky in US, Europe, Other Developed Countries?

— Wen Sheng | July 06, 2023

Illustration: Liu Rui/Global Times

Recently, the US Federal Reserve, the central bank, hinted that the policymakers are likely to raise the benchmark federal funds rate two more times in 2023 to above 5.5 percent - a prospect that immediately cast a thickening cloud on global markets, as investor are already spooked by the aggressive Fed tightening in the past 15 months.

It is plausible that the US and the EU need higher rates and moderate recessions in order to tamp down inflation, which is increasingly trenched through the economic system of the developed countries.

Inflation is 20-nation euro area is too high, at more than 6.4 percent now, which is set to remain elevated from some time, said Christine Lagarde, president of the European Central Bank, on June 27. And, Jerome Powell, the Federal Reserve chair, said on June 29 that "inflation pressures continue to run high, and the process to get inflation back down to 2 percent has a long way to go."

To cater to American ordinary households' grievances that the consumer prices have been rising too fast, eating away at their savings and aggravating the cost-of-living crisis, the US central bank has raised its policy rate to above 5 percent from near zero in March 2022. It skipped raising rates in June for the first time in 11 policy meetings, but Powell did not rule out that officials could return to back-to-back rate moves again.

In contrast to the developed countries' predicament facing one of the stickiest inflation in history, the major emerging economies, including China, Russia, Saudi Arabia and Brazil, are doing just fine, with 0.2 percent, 2.5 percent. 2.8 percent and 3.9 percent consumer price rises in May over the corresponding period last year, respectively.

Chinese government's decision to go piecemeal in post-pandemic economic stimulation, refraining from the downpour-style stimulus seen in the US and the EU economies, has contributed to the very low inflation in the first half of 2023, though China's economic growth has also averted a blockbuster surge which is unsustainable. Inflation is likely to be controlled within 1.5 percent rise through 2023, while GDP growth is expected at around 5 percent.

Compared to the US, the EU and other Western economies, it is an extraordinary feat for Russia to successfully tame consumer price rises, as the country has been blanketed with the most sweeping economic and financial sanctions by the US-led Western countries since the breakout of the Russia-Ukraine military conflict. And, Russian economy is expected to pose a meaningful growth of around 2-3 percent in 2023, despite facing the draconian Western sanctions.

A growing number of Western readers are baffled by their stubborn inflation in contrast to Russia and China, and they start to seek answers. "Our mainstream media are always criticizing 'authoritarian' governments, but they won't explain why Russian inflation, at 2.5 percent, is lower than most developed Western countries, although Moscow is subject to our sanctions," one commentator bemoaned.

It is understandable that Russia has done a lot to maintain domestic market stability since the conflict with Ukraine erupted. Its huge deposits of fossil-fuel energies and large grain harvest, plus maintaining normal trade exchanges with China and many other non-Western economies, have all helped Russian market stability and low consumer prices. The US government's efforts to crush and destroy Russian economy through sanctions have largely failed.

However, getting the US' own inflation rate down to around 2 percent is not easy, and would require a moderate recession, to do it. For many years, that the country has been able to keep its inflation at 2 percent was largely a result of inexpensive goods provided by China, the world's factory, and other low-wage developing countries. But Donald Trump's senseless trade war with China, by drastically raising the tariffs on $350 billion Chinese goods, triggered the US inflation to raise its ugly head, which has become ever sticker and embedded with the US economy through Joe Biden's reckless "decoupling" or "de-risking" attempts.

After the US government has knocked its brains to place hundreds of Chinese enterprises and institutions on its sanctioning list, it is hard for China not to retaliate. The tit-for-tats will inevitably lead to disrupted global supply chains and higher prices for almost everything.

Some in the US are griping about corporate greed for aggravating inflation, but the Biden government 'anti-globalization" bid is causing a fracturing and fragmentation of the world economy, which rolls back on corporate efficiency and lead to price surges. And, the severe income inequality among rich and poor households has made the problem ever harder to address.

In a nutshell, the worst spike in inflation that many developed economies have seen in decades underscores the global forces driving prices higher, namely the disruptions set in motion by the trade war, the pandemic, the sanctions on Russia, and the growing fragmentation and breakdown of free trade and globalization.

— The author is an editor with the Global Times.

[jobkash]

2025 SF Fed Summer Internship - BUSINESS SUPPORT Intern

Company Federal Reserve Bank of San FranciscoWe are the San Francisco Fed, public servants with a congressionally mandated mission to promote a sound and stable economy to support the lives of all Americans. We are a community-engaged bank, and we are committed to understanding and serving the vibrant, diverse people of the Twelfth District. That means we seek and appreciate new perspectives. We…

[kala-ya-aan]

Financial freedom? Yeah right. You give up that right to entitlement the second you buy into that notion. You're being OWNED!

....Can't wait to Jesus comes back!😡(#ESCAPETHEMATRIX! THIS IS NOT THE WAY OF THE WORLD!)

[justinspoliticalcorner]

Alex Lang at The Independent:

Donald Trump’s transition team has reportedly looked at ways to shrink or eliminate banking oversight - a move that could have dramatic impacts on everyday Americans and protecting their money. In interviews with candidates to oversee the banking sector, Trump advisers and DOGE - the advisory Department of Government Efficiency - officials have asked if the president-elect can abolish the Federal Deposit Insurance Corp., according to the Wall Street Journal. Trump’s team has also asked if the FDIC could be absorbed into the Treasury Department. Any move to eliminate the FDIC would require Congressional approval. But, if it were to happen, it would be a massive shakeup in the industry. The FDIC was created during the Great Depression. It is designed to help bulk up faith in the nation’s banking system. Most people know the agency as it insures deposits in banks up to $250,000.

So if there was a run on a bank or one would collapse, people with up to $250,000 wouldn’t lose their money because it’s insured by the federal government. If the FDIC went away, everyday people could lose that insurance or guarantees that their money will still be available in the event of a bank run or collapse. The WSJ report notes that while banks hope Trump will ease regulations, the FDIC insurance is considered “near sacred.” A move to eliminate that deposit insurance could cause panic among customers - and cause people to demand their money so it’s no longer at risk. Last year, several banks failed and it caused customers to shift their money to big banks and away from smaller groups. Sources told the WSJ that Trump’s team, which includes DOGE advisers Elon Musk and Vivek Ramaswamy, have also asked nominees about combining or restructuring bank regulators, including the FDIC and Federal Reserve.

The crooked Trump Misadministration is floating a dangerous 2nd Great Depression-causing idea by potentially closing down FDIC. Such a move would put people's savings and checking accounts at risk.

[santeptrader]

Banche Centrali Sotto i Riflettori: Cosa Aspettarsi Questa Settimana?

Fed, BOJ e Bank of England: Decisioni Cruciali sui Tassi e Previsioni Economiche in Arrivo. Banche Centrali USA FED New York Riunioni Banche Centrali: Un Punto di Svolta? Questa settimana, le principali banche centrali mondiali terranno riunioni cruciali. Cosa aspettarsi da Fed, BOJ e Bank of England? Fed, BOJ e Bank of England: Cosa C’è in Gioco? Regno Unito in Bilico: Taglio dei Tassi in…

[bobcronkphotography]

Fortress of Finance

The Federal Reserve Bank of San Francisco, California

Bob Cronk