"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act 1913."

On Dec. 23, 1913, President Woodrow Wilson signed the Owen-Glass Act, creating the Federal Reserve System, an independent agency of the U.S. Government. Before Federal Reserve began its operation ...

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.

To manage occasional spikes in public demand for cash from banks, the Federal Reserve Act of 1913 created the Federal Reserve System and the Federal Reserve became the lender of last resort to U.S ...

“The White House has been aggressively pushing Dr. Miran’s nomination to the Federal Reserve Board, setting the stage for his quick confirmation when the Senate returns in September,” said a White House official Tuesday. “With the President’s strong backing, there’s clear momentum to get this done.”

The Federal Reserve has ended its “novel activities” supervision program, folding crypto and fintech oversight back into normal bank supervision.

There have been many calls for reform. None of them have actually done wholesale reform, though many of them have applied band-aids," Lisa Harrington said.

Both a larger-than-expected rate cut and foundational changes at the Fed would be major pro-growth innovations in U.S. economic policy, but strong resistance is likely this week during the Fed’s annual celebration of central banking in Jackson Hole, Wyo.