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 ... seconds, 24/7. For more details, see ...

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 ...

In 2000, the Fed system employed some 23,000 people. That decreased to about 17,000 in 2010. Those employees fall into ...

The Federal Reserve today made its final interest rate decision of 2024, capping a year during which the central bank ...

The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that 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, ...

WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy ... the target range for ...

The Federal ... Reserve System responsible for setting the nation’s monetary policy. The FOMC meets eight times a year to set the target federal funds rate. The committee has 12 members: the ...

The seven members are nominated by the President of the United States and confirmed by the U.S. Senate. Each member holds a 14-year term. The Federal Reserve System is accountable to Congress.