Contrary to some misconceptions, the Federal Reserve is not privately owned by individuals or corporations. The Fed is not owned by anyone and is an independent government agency. The Federal ...

Who owns the Federal Reserve? 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 ...

The central bank has halted hiring to align with a White House directive and pulled back its work on climate change.

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

The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.