The Federal Reserve is the U.S. central bank whose rate changes can indirectly affect your bank’s savings and loan rates. Many, or all, of the products featured on this page are from our ...

In 1913, Congress created the Federal Reserve Act, which established the Federal Reserve system as we know it. President Woodrow Wilson signed the act into law on December 23, 1913. When the Fed ...

Normally the Federal Reserve makes a profit from its balance sheet, but with higher interest rates it is now in the red. WSJ explains how the Federal Reserve makes money, what it does with it ...

The Federal Reserve launched a new instant payment system, FedNow ... to transfer money instantly among themselves," Tory Newmyer explained at The Washington Post. Right now, consumers can ...

The Federal Reserve has maintained high "excess reserves" in the banking system while continuing to reduce its securities portfolio. The Fed used a decline in Reverse Repurchase Agreements to ...

The Federal Reserve has three main objectives: maximize employment, stabilize prices, and moderate long-term interest rates. Learn how the Fed’s role has expanded since it was established in 1913.