Shortly after, the U.S. dollar, previously a pure silver coin, was replaced and redefined as Federal Reserve Notes. Then in 1977, Congress amended the Federal Reserve Act, revising the Fed's purpose.

The Federal Reserve has been around since the passage of the Federal Reserve Act of 1913. Along with executing monetary policy, one of its key roles is regulating the country's banking system.

The Fed meets 8 times a year to set monetary policy that affects how Americans borrow and save. Here's when its rate-setting ...

Cuts are expected to be made across the entire Federal Reserve System, including the 12 regional banks. Roughly 2,400 people will be affected.

Passed by Congress in 1913, the Federal Reserve Act established a central bank for the United States and fostered stability in the country’s banking system. The early days of the U.S. banking ...

According to Federal Reserve chair Jerome Powell, the Fed will not issue public digital currency without congressional approval. But within Congress, there are competing visions for public digital ...