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 ...

Learn why some people believe it was unconstitutional for the government to establish the Federal Reserve Bank and why they believe it should be abolished.

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 in November 1914, ...

If you follow the news about changes to savings or mortgage rates, you’ve probably heard of the Federal Reserve. It’s a powerful financial system, but as a banking consumer, you don’t ...

As the Federal Reserve meets this week to decide whether ... but the entity has several other functions, some of which it gained through the Dodd-Frank Wall Street Reform and Consumer Protection ...

The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation ...

In this function, directors, with their diverse backgrounds, bring to the Federal Reserve System the greatest benefits of regional autonomy: separate and eclectic viewpoints on economic and credit ...

Federal Reserve Vice Chair of Supervision Michael Barr’s unexpected resignation on Monday signals the beginning of a pivotal ...