Founded in 1913 by an act of Congress, the Federal Reserve System — also referred to as the U.S. central bank — originally was created to prevent bank panics.

The Fed’s board of governors refers to the seven officials, or governors, who are responsible for overseeing the 12 reserve banks and the broader Fed system, as well as supervising, regulating ...

Ms Cook was appointed as governor of the Federal Reserve in 2022 by Democratic President Joe Biden, becoming the first ...

The Federal Reserve on Thursday launched a real-time payment system that eventually will allow consumers and businesses to send and receive money within seconds 24 hours a day, doing away with ...

This event is a very significant event in the business world as it brings together economists, financial market participants, ...

The Federal Reserve launched a new instant payment system, FedNow, on July 20. It promises to open the world of instantaneous money transfers, at any hour of any day, to the masses — at least in ...

Fed Chair Jerome Powell says a slowing job market may prompt the Fed to cut interest rates, though inflation risks remain ...