A top Federal Reserve official said late Thursday that the central bank should cut its key interest rate later this month, carving out a different view than that of Chair Jerome Powell, who has been harshly criticized by the White House for delaying rate cuts.

While that would set a tone at the board of governors, whose seven members are permanent members of the Federal Open Market Committee, it won't necessarily translate entirely into monetary policy ( more toward bank reserve rates ).

Former president of the Federal Reserve Bank of Cleveland Loretta Mester says it's important that the Fed stays independent and that fiscal politics should not interfere with monetary policy makers and their decisions.

Trump administration official Bill Pulte released a statement suggesting that Fed Chair Jerome Powell is considering resigning amid mounting pressure on his leadership.

Michelle Bowman of the Fed emphasized financial inclusion and the need for innovation to serve unbanked populations at a conference.

The Federal Reserve System — also known as the Federal Reserve or the Fed — is the central bank of the United States, which "sets policies to keep the economy steady and controls the money ...

On Dec. 23, 1913, President Woodrow Wilson signed the Owen-Glass Act, creating the Federal Reserve System, an independent agency of the U.S. Government. Before Federal Reserve began its operation ...

The Federal Reserve system isn't owned by a person or a company. It is controlled by a Board of Governors in Washington, D.C., as an agency of the federal government.

Beating inflation is crucial for the Federal Reserve.But so is promoting full employment. And don’t forget about preserving the stability of the financial system.. Each of these goals is ...

While investors worry about the markets, the Federal Reserve Bank of Philadelphia is raising the alarm about another economic indicator: credit card payments. According to the central bank, more than one in 10 Americans paid only the monthly minimum on their credit card debt in the fourth quarter of 2024.