WASHINGTON -- A Federal Reserve official gave a lengthy defense of the central bank's political independence Thursday, just ...

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 ...

The post Abolish the Fed appeared first on Reason.com.

Federal Reserve Chair Jerome Powell shares remarks after the Central Bank announced its second consecutive interest rate cut on Thursday.

WASHINGTON (AP) — The Federal Reserve cut its key interest rate Thursday ... which now barely exceeds the central bank’s 2% target. Asked at a news conference how Trump’s election might ...

The Fed owned $2.28 trillion of mortgage-backed ... While the Board of Governors is a federal agency, each Federal Reserve bank is structured as a private corporation, with its member banks ...

Why are restaurant prices so high? Restaurant owners, local food producers and economists answer the question.

The Federal Reserve initially raised the lending rate to counteract inflation that reached a 40-year high during the pandemic, which raised the cost of living. The central bank raised its lending ...

The Federal Reserve on Thursday announced its second ... The expected move by the U.S. central bank provides additional relief to millions of Americans grappling with high borrowing costs.

Kent Nishimura/Bloomberg via Getty Images The Federal Reserve is widely expected to cut ... Fed officials have signaled that the central bank will gradually cut its influential interest rate ...

The exterior of the Federal Reserve Bank of New York is shown on Aug. 20, 2024 in New York. AP Photo/Peter Morgan By the end of 2024, interest rates will fall another half of a percentage point ...