In the years after the Great Recession, banks chose to keep some $420 billion in their reserves rather than loan it out to ...

As mentioned, mortgage rates haven't fallen in line with the Fed's rate cuts because they depend on factors beyond the agency's benchmark rate, such as the economy and 10-year Treasury bond yields.

Former Fed Vice Chair Randal Quarles dismissed concerns about Fed independence under Trump, citing structural safeguards ...

President-elect Donald Trump warned federal employees last week that they must return to the office — or else “they’re going to be dismissed.” The threat was the latest and loudest signal ...

WASHINGTON-Major banks and business groups sued the Federal Reserve on Dec 24, alleging the US central bank’s annual “stress tests” of Wall Street firms violate the law. The lawsuit ...

More Anna Barclay/Getty The lawsuit centers around the annual "stress test" used by the Board of Governors of the Federal Reserve System. The test sets certain bank capital requirements to ...

Trade groups representing the country’s biggest banks sued the Federal Reserve on Tuesday, accusing it of using an opaque process to test banks’ resiliency during annual stress tests.

Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. The lawsuit filed in U.S. District ...

Dec. 24 (UPI) --A group of banks and financial organizations sued the Federal Reserve Tuesday over a lack of transparency in its annual stress tests. The Bank Policy Institute, which represents ...

The United States Federal Reserve doesn’t allow for appropriate public input when designing bank stress tests, bank trade groups said in a lawsuit seeking to force the central bank to open the design ...

To fund the purchase, the government would revalue about $11 billion worth of gold certificates on the Federal Reserve’s balance sheets. Lummis said establishing a bitcoin reserve could help the ...

President Joe Biden has commuted the sentences of most inmates on federal death row ... crime and ensuring a fair and effective justice system,” President Biden said in a statement.