When the Federal Reserve was created in 1913, the U.S. Congress established three primary objectives for its central bank: maximize employment, stabilize prices, and manage long-term interest rates.

Federal Reserve Chair Jerome Powell pushed back on billionaire Elon Musk's claim the central bank is "absurdly overstaffed," saying the Fed has a careful budget process. President Donald Trump ...

Made up of the Fed's Board of Governors and five regional Federal Reserve Bank presidents, the FOMC meets at least eight times a year to decide the federal funds rate based on prevailing economic ...

Federal Reserve Chair Jerome Powell has over the years steadfastly defended the central bank's independence. Most recently, he underlined at a New York Times event in December that insulating the ...

There are 11 federal holidays observed by the Federal Reserve each year, and on those days bank branches are closed. If you deposit a check on a federal holiday, it will likely take an extra day ...

This isn’t an isolated instance. The Fed is watering down its bank regulations, too. Two days before Christmas, the Federal Reserve announced plans to essentially gift large financial ...