2015 Event China's central bank takes action to reassure investors that it is attempting to address the nation's economic downturn, reducing interest rates and the amount of reserve funds required to be held by banks 2015 Event Russia accuses the U.S. of potentially 'destabilizing' Ukraine by sending paratroopers to train reserve military forces; though a cease fire agreement between Ukrainian pro-government and Russian-backed rebel forces is in place, fighting continues 2015 Event The U.S. Federal Reserve has cut its 2015 inflation and economic growth predictions for the U.S. and will likely wait until at least June of this year to raise interest rates 2014 Event The Federal Reserve will continue its current program of slow withdrawal of economic stimulus measures, as U.S. unemployment and underemployment numbers have not improved quickly enough to warrant a change in policy 2014 Event The U.S. Federal Reserve announces that it will end its current monetary policy of quantitative easing by ceasing bond purchases after October of this year 2014 Event While the world economy is growing, forecasts have been reduced due to weak global investment spending and risks to U.S. growth stemming from potential Federal Reserve attempts to end stimulus efforts 2014 Event U.S. President Barack Obama proposes vast expansion of the Pacific Remote Islands Marine Reserve, increasing the protected ocean area to over 780,000 square miles within nautical boundaries of U.S. Pacific territories 2014 Event Janet Yellen becomes the first woman to hold the post of chairman of the U.S. Federal Reserve 2013 Event When Federal Reserve Chairman Ben Bernanke leaves office, U.S. President Barack Obama has nominated Janet Yellin to take his place 2013 Event Concerned over weakening growth in the economy, the U.S. Federal Reserve announces plans to continue its stimulus program, which injects $85 billion a month into the the U.S. economy 2013 Event The U.S. launches ta $6 billion money laundering prosecution against Liberty Reserve, a Costa Rican currency-transfer and payment-processing company 2013 Event The Reserve Bank of Australia reduces its benchmark interest rate to 2.75% from 3.00% 2012 Event Investments to and from Pakistan are now permitted by the Reserve Bank of India 2012 Event Australia announces its plan to create the largest marine reserve in the world 2011 Event The U.S. Federal Reserve declares it will keep interest rates at exceptionally low levels through mid-2013 2011 Event Interest rates at the Reserve Bank of India are increased by 50 basis points to 7.25 per cent 2011 Event James Bullard, President of the Federal Reserve Bank of St. Louis calls for the Federal Reserve to limit its purchase of U.S. Treasuries because they 'feed the fire' of inflation 1987 Event Last wild condor captured on California wildlife reserve 1982 Death Max Winders Maximilien, brought Belgium gold reserve to England, dies 1976 Event Federal Reserve begins issuing $2 bicentennial notes 1970 Event Curt Flood files a civil lawsuit challenging baseball's reserve clause 1969 Event New York Times reports Curt Flood will sue baseball and challenge the reserve clause 1968 Event Congress repeals requirement for a gold reserve 1966 Event 1st black member of Federal Reserve Board (A F Brimmer) 1966 Event Andrew Brimmer becomes 1st black governor of Federal Reserve Board 1961 Birthday Timothy Geithner, born in Brooklyn, New York, United States Secretary of the Treasury, under President Barack Obama, served as President, Federal Reserve Bank of New York, charged with directing financial crisis of December 2007 1960 Birthday Mark Sanford, born in Fort Lauderdale, Florida, politician, Republican, 115th Governor of South Carolina, U.S. Air Force Reserve medical administration officer 1951 Event Ty Cobb testifies before the Emanuel Celler committee, denying that the reserve clause makes peons of baseball players 1945 Death Fritz Fromm, German supreme commander of Reserve army, executed 1943 Event 4th day of battle at Kursk: General Model uses last tank reserve 1932 Birthday Ian Leslie, born in England, born Ian Lionel Malcolm Leslie, 21st Earl of Rothes, Scottish nobleman, served as Sub-Lieutenant, Royal Naval Volunteer Reserve 1927 Birthday Paul Volcker, Federal Reserve chairman 1926 Birthday Alan Greenspan, economist and presidential advisor, Federal Reserve Bank 1922 Event Naval Reserve #3, "Teapot Dome," leased to Harry F Sinclair 1916 Event U.S. Army forms Reserve Officers Training Corps 1916 Event Congress creates U.S. Naval reserve 1914 Event Federal Reserve System formally opens 1913 Event President Woodrow Wilson signs Federal Reserve Act into law 1908 Event Aldrich Vineland Currency Act forerunner to Federal Reserve System 1906 Birthday William McChesney Martin, Chairman of Federal Reserve Bank, 1951-70 1904 Birthday Arthur F. Burns, economist/chairman, Federal Reserve Board 1879 Event Cincinnati Enquirer publishes 1st report on baseball reserve clause 1879 Event NL owners meeting in Buffalo adopt reserve clause, giving each team exclusive rights to their players 1878 Event Sabi Game Reserve, world's 1st official designated game reserve, opens
