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 ...

The Federal Reserve system is designed to be insulated from partisan politics. But conservatives increasingly see it as an ...

The Federal Reserve System is not “owned” by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to ...

With a recession deepening and the 1982 midterm elections approaching, Federal Reserve chair Paul Volcker was summoned to the ...

The Fed stayed the course on its campaign of rate cuts Thursday, trimming its benchmark interest rate by a quarter-point in a ...

The U.S. banking system’s $3.3 trillion cash raises concerns over inflation. Read why policies may lead to new inflationary ...

Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job ...

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 ...