When the Federal Reserve was created in 1913, the U.S. Congress established three primary objectives for its central bank: maximize employment, stabilize prices, and manage long-term interest rates.

The rate of interest by which they make these loans is known as the federal funds rate. The Fed calculates a bank’s reserve requirements as a ratio based on its liabilities. The federal funds ...

As the Federal Reserve meets this week to decide whether ... Here’s some background on the nation’s central bank: The Fed is best known for moving and maintaining its benchmark short-term ...