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Federal Reserve System

(Encyclopedia)Federal Reserve System, central banking system of the United States. Established in 1913, it began to operate in Nov., 1914. Its setup, although somewhat altered since its establishment, particularly ...

Martin, William McChesney, Jr.

(Encyclopedia)Martin, William McChesney, Jr., 1906–98, U.S. banker, chairman of the Board of Governors of the Federal Reserve System (1951–70), b. St. Louis. After an early career as a stockbroker, Martin becam...

national bank

(Encyclopedia)national bank, in the United States, financial institution of a class authorized by Congress in acts of 1863 and 1864. The acts were intended to provide a way of marketing the large bond issues made n...

Bernanke, Ben Shalom

(Encyclopedia)Bernanke, Ben Shalom bĕrnăngkˈē [key], 1953–, U.S. economist and government official, b. Augusta, Ga.; grad. Harvard (B.A., 1975), Massachusetts Institute of Technology (Ph.D., 1979). He was a p...

Greenspan, Alan

(Encyclopedia)Greenspan, Alan, 1926–, American economist, chairman of the Federal Reserve Board (1987–2006), b. New York City. Influenced by the philosophy of Ayn Rand, Greenspan is a strong supporter of the fr...

Volcker, Paul Adolph

(Encyclopedia)Volcker, Paul Adolph, 1927–2019, American economist, government official, and banker, b. Cape May, N.J. After working as an under secretary in the Treasury Department (1969–74) and as president of...

Consumer Financial Protection Bureau

(Encyclopedia)Consumer Financial Protection Bureau (CFPB), officially the Bureau of Consumer Financial Protection, independent U.S. government agency responsible for most of the federal oversight and enforcement of...

central bank

(Encyclopedia)central bank, financial institution designed to regulate and control the money supply of a nation, with the goal of fostering economic growth without inflation. Although central banking systems have v...

Yellen, Janet Louise

(Encyclopedia)Yellen, Janet Louise yĕlˈən [key], 1946–, U.S. economist and government official, b. Brooklyn, N.Y., B.A. Brown (1967), Ph.D. Yale (1971). Yellen taught economics (1971–76) at Harvard and subse...

Powell, Jerome Hayden

(Encyclopedia)Powell, Jerome Hayden, 1953–, U.S. investment banker and government official, b. Washington, D.C., A.B. Princeton, 1975, J.D. Georgetown Univ., 1979. He worked with New York law firms and in investm...
 

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