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 kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.

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 12 Federal Reserve Banks act as “banks for the banks.” When the Board of Governors of the Federal Reserve changes the federal funds rate, it causes other banks to act accordingly ...

President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.

No one owns the Federal Reserve. The Fed was established by the Federal Reserve Act in 1913 to be the country's central bank. It is an independent government agency accountable to Congress and U.S ...