Critics also argue that the Federal Reserve Bank violates the Constitution by being too closely tied to the private sector and lacking transparency and accountability. Some people are opposed to ...
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 ...
Federal Reserve Chair Jerome Powell delivers remarks following the Central Bank’s two-day policy meeting on Wednesday, deciding to leave interest rates unchanged.
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 ...
Congress amended the Federal Reserve Act in 1977 to include additional reforms, such as requiring the Fed chair to report to Congress twice a year to testify on the central bank’s activity.
The Federal Reserve, or “the Fed,” is the central bank of the U.S. and plays an outsized role in shaping the nation’s monetary policy. One of its key functions is setting interest rates.
What is the Federal Reserve — and why does it meet? The Federal Reserve is the central bank of the United States and the anchor of the country's financial system and economic health. It’s ...