The Federal Reserve is the central bank of the United ... specifically the federal-funds rate. The explicit definition of the fed-funds rate is the interest rate that banks will charge other ...

Fifty years ago the actions of the Federal Reserve mattered. Today, so far as the aggregate measures of the American domestic economy go, they do not. Books discussed in this essay: Sarah Binder and ...

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.