In 1913, Congress created the Federal Reserve Act, which established the Federal Reserve system as we know it. President Woodrow Wilson signed the act into law on December 23, 1913. When the Fed ...

Presidents can control monetary policy even without replacing the Fed chair, Benn Steil writes in a commentary essay.

WASHINGTON (AP) — A Federal Reserve official gave a lengthy defense of the central bank’s political independence Thursday, ...

Who owns the Federal Reserve ... Even though it is referred to as the central bank of the United States, the Federal Reserve System, or Fed, actually consists of 12 districts, each with its ...

AgnosticPreachersKid / Wikimedia Commons / CC by SA-3.0 The Federal Reserve System is the central bank of the United States and conducts the nation's monetary policy. The primary goals of the Fed ...

Elon Musk reposted a call from Senator Mike Lee to abolish the Federal Reserve Bank in the United States — echoing the ...

Minneapolis Federal Reserve President Neel Kashkari, who previously called the cryptocurrency industry "worthless" and ...

Dismissing Jerome Powell would be a serious breach of long-standing norms of central bank independence. That doesn’t mean we ...

But there is good news when it comes to the debt the Federal Reserve owns. “The Federal Reserve owns a lot of government debt,” Braun said. “The Treasury does pay interest payments to the ...

Passed by Congress in 1913, the Federal Reserve Act established a central bank for the United States and fostered stability in the country’s banking system. The early days of the U.S. banking ...

The Federal Reserve System is the central bank of the United States and conducts the nation's monetary policy. The primary ...

If you follow the news about changes to savings or mortgage rates, you’ve probably heard of the Federal Reserve. It’s a powerful financial system, but as a banking consumer, you don’t ...