Federal Reserve Archives - CDR – Chain Drug Review

Federal Reserve leaves interest rates unchanged

September 28, 2015 by Mark Baumgartner and Chain Drug Review Federal Open Market Committee, Federal Reserve, interest rates, Janet Yellen 2015, Business, Issue 09-28-2015, Issues, News

WASHINGTON — Federal Reserve policy makers have just two more chances to raise short-term interest rates this year after taking a pass earlier this month and holding rates at their historically low levels for at least a while longer. The rate-setting Federal Open Market Committee (FOMC) slashed interest rates to zero in December 2008 to

Supreme Court lets swipe fee ruling stand

February 2, 2015 by Mark Baumgartner and Chain Drug Review credit card, debit card, Dodd-Frank Wall Street Reform and Consumer Protection Act, Federal Reserve, Food Marketing Institute, National Association of Convenience Stores, National Retail Federation, retailers, Supreme Court, swipe fees 2015, Issue 02-02-2015, News

WASHINGTON — Trade groups representing many of the nation’s largest retailers expressed frustration after the Supreme Court on January 20 declined to take up their challenge to the Federal Reserve’s hotly debated rules for “swipe fees” assessed on credit card and debit card transactions. Retailers and other businesses pay the fees to banks and other financial