Sens. Rick Scott (R-Fla.) and Elizabeth Warren (D-Mass.) urged the Federal Reserve chair to hammer down on “improper” trade ...

That is, the Federal Reserve Act precludes precisely this kind of relationship between the White House and the Fed, even as it relates to supervision and regulation, said Scott Alvarez ...

No one owns the Federal Reserve. The Fed was established by the Federal Reserve Act in 1913 to be the country's central bank. It is an independent government agency accountable to Congress and U.S ...

The Federal Reserve meets for its second two-day rate-setting session of 2025 on Tuesday, March 18, and Wednesday, March 19, 2025. At the end of its Federal Open Market Committee session on ...

According to the Federal Reserve Act, the chair and vice chair of the board are appointed by the president but must be confirmed by the Senate. Fed chairs and vice chairs serve four-year terms and ...

Oklahoma pushes Bitcoin adoption with the Strategic Bitcoin Reserve Act, allowing up to 10% of public funds to be invested in ...

The Federal Reserve was created by Congress in 1913. Congress can amend the Federal Reserve Act to alter the way the Fed operates, but the president can't. The president's primary power is to ...

A central banking digital currency would give the government oversight over more financial transactions and could hamper ...

Elon Musk's DOGE team has slashed hundreds of jobs paid for by fees from banks and other forms of funding rather than ...

In 2015, Republicans pushed for the Federal Reserve Transparency Act, also known as “Audit the Fed,” that aimed to make the Fed’s interest rate decisions subject to congressional approval.

In an apparent departure from decades of jurisprudence acknowledging the exemption of wire transfers from the ambit of the Electronic Funds ...

Jerome Powell was quickly thrust into the partisan turmoil surrounding Trump's executive orders and the efforts of Elon Musk.