The Federal Reserve has three main objectives: maximize employment, stabilize prices, and moderate long-term interest rates. Learn how the Fed’s role has expanded since it was established in 1913.

It publishes its policy statements on the same day as its meetings ... In 1913, Congress created the Federal Reserve Act, which established the Federal Reserve system as we know it.

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, ...

Al Drago/Bloomberg via Getty Images The Federal Reserve's Open Markets Committee kicked off its two-day meeting Tuesday. The Fed is widely expected to cut the key federal funds rate by a quarter ...