The federal reserve articles
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Massie and other Republicans push the 'Federal Reserve Board Abolition Act'
GOP Rep. Thomas Massie of Kentucky and more than a dozen other House Republicans are pushing a measure that targets the Federal Reserve System. The measure includes text that declares, "The Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished" and "the Federal Reserve Act is hereby repealed."Massie announced the introduction of the measure on Thursday, the same day that the Dow Jones Industrial Average stock index surpassed 40,000 for the first time...
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US banks to struggle with climate risk data – Federal Reserve
According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due data and modelling difficulties. The report’s aim was to predict how banks would be able to manage the risks of climate change, such as natural disasters […]
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High interest rates in US will remain unchanged, Federal Reserve concludes
The US Federal Reserve keeps interest rates unchanged. The Federal Reserve (Fed) announced this on Wednesday. This means interest rates will range from 5.25 to 5.5 percent, the highest level since 2001. Central banks link interest rates to affect inflation. By raising interest rates, borrowing becomes more expensive and there is less money in circulation. […]