The 1913 Federal Reserve Act is the legislation that created the Federal Reserve System in the United States. The law was passed after years of economic turmoil in the country. Congress passed ...

When people hear the term “The Fed’ in the news, many are not aware of what it is exactly, how it works, why it exists, or ...

President Donald Trump met with Federal Reserve Chair Jerome Powell and the two discussed the economy but not Powell’s ...

Once upon a time, the answer was a well-understood no. The Federal Reserve was created by Congress. The founding statute guaranteed the Fed’s independence. Chairman Jerome Powell repeated that ...

The Federal Reserve exists to create control over the United States monetary system. It was created in 1913 in response to a banking panic, with a goal of ensuring that similar panics would be ...