The Federal Reserve has likely come across your radar at some point. Often referred to as simply "the Fed," this central banking system of the United States typically meets eight times a year to make interest rate–related decisions, which often result in a slew of headlines and fodder from economic experts, alongside very real economic effects.

The act formed a system of 8 to 12 Federal Reserve Banks spread across the United States in addition to the board of governors, the boards of directors, and the Federal Open Market Committee (FOMC).

Federal Reserve Governor Christopher Waller said markets are demanding higher Treasury yields due to concerns about tax cuts widening the federal budget deficit.

The Federal Reserve is the central bank of the United States and the anchor of the country's financial system and economic health. It’s governed by a federal Board of Governors appointed by the ...

The Federal Reserve plans to shrink its system-wide workforce by about 10% over the next couple of years, mainly through attrition.

The William McChesney Martin Jr. building, which houses the Board of Governors of the Federal Reserve System, is seen, Monday, April 7, 2025, in Washington. Credit: AP/Jacquelyn Martin Most economists say, however, that Trump’s sweeping tariffs do pose ...