The Federal Reserve is facing legislative review regarding currency production costs and declining cash usage, involving the Senate and nickel coins.
1 report, 1 independent
Updated Aug 18
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What happened
The Federal Reserve is facing legislative review regarding currency production costs and declining cash usage, involving the Senate and nickel coins.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- A lawmaker has introduced a proposal outlining new rules regarding the process of cash rounding.Sub-event
Legislative review prompted by high production costs is underway regarding the Fed's study of cash usage.1 source
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The entities involved
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Federal Reserve Bank
regional bank of the U.S. Federal Reserve System
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senate
type of legislative body, often the upper house or chamber of a bicameral legislature
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