When Congress created the Federal Reserve Bank system via the Federal Reserve Act in 1913, it laid out the Fed's objectives as maximum employment, price stability and moderate long-term interest ...

The Federal Reserve announced a series of coordinated actions Sunday night to blunt the economic impact of the coronavirus, including lowering the federal funds rate to zero to 0.25%, and making ...

Worried that a mounting debt crisis in Europe could trip up the global economy, the Federal Reserve opened its vault Thursday to the central banks of other countries in an effort to head off a ...

Of the total number of commercial banks in operation as of mid-year 2003, 2,999 were members of the Federal Reserve System. As Chart 1 illustrates, although there were fewer member banks, these ...