Presidents can control monetary policy even without replacing the Fed chair, Benn Steil writes in a commentary essay.

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 ...

As speculation continues to simmer about whether U.S. President-elect Donald Trump might try to fire Federal Reserve Chair ...

It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, ...

Musk and Vivek Ramaswamy — the pharmaceutical mogul and former Republican presidential hopeful — have been picked to lead a ...

The Federal Reserve doesn't directly set mortgage rates, but it influences them by making changes to the federal funds rate, ...

The Federal Reserve Act, which governs the central bank, says that "each member [of the Federal Reserve Board] shall hold office for a term of fourteen years from the expiration of the term of his ...

Forecasters had expected lingering inflation in October. How will the new numbers affect the next Federal Reserve decision on interest rates?

At over $2 trillion, the CARES Act stands as the largest financial rescue package in U.S. history. The 2009 Recovery Act was $832 billion, the Consolidated Appropriations Act (CAA) contained $900 ...

Learn how Fed meetings affect mortgage rates and what it means for borrowers. Discover trends, impacts, and expert ...