According to participants in the Chicago Fed’s annual Automotive Outlook Symposium, solid economic growth is forecasted for the nation this year and in 2013. Inflation is expected to fall in 2012 and remain unchanged in 2013, and the unemployment rate is anticipated to move lower but remain...

According to participants in the Chicago Fed’s annual Automotive Outlook Symposium, solid economic growth is forecasted for the nation this year and in 2012. Inflation is expected to rise in 2011 and then ease in 2012, and the unemployment rate is anticipated to move lower but remain high by...

This article explains how the Monetary Control Act (MCA) of 1980 paved the way for the transition away from paper to electronic check clearing and processing, ultimately leading to the successful implementation of the Check Clearing for the 21st Century Act (Check 21) in 2003.