Members of the council are selected from representatives of banks, thrift institutions and credit unions serving on local advisory councils at the 12 Federal Reserve Banks.

A bill in the U.S. House to repeal the 112-year-old Federal Reserve Act and abolish the nation’s central bank has attracted several co-sponsors, including York County Republican Rep. Scott Perry.

Legislation introduced in the House and Senate calls for the elimination of the Federal Reserve system that has been in place in the government since 1913. Kentucky Representative Thomas Massie ...

The Federal Reserve Board announced the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks earlier this year, and the Philadelphia chair is a Latino. Anthony Ibargüen is the ...

The Federal Reserve on Wednesday announced that it will leave a key interest rate unchanged for the second consecutive ...

U.S. President Donald Trump nominated Federal Reserve Governor Michelle Bowman to the central bank's top regulatory post as ...

If confirmed, Bowman will face a tough road in loosening restrictions on the largest banks because the majority of the Fed board was appointed by Biden.

Only 6 new banks were established in 2024, dwindling due to high capital requirements, an unfavorable interest rate ...

Economists forecast that the tariffs will weaken the economy, possibly threaten hiring, and push up prices. In that scenario, ...

according to Federal Reserve Bank of New York’s Research and Statistics Group. “It is reasonable to expect student loan delinquency to surpass pre-pandemic levels when new delinquencies hit ...

The federal election will be fought squarely on economic management. See how inflation, interest rates, the budget, and wages ...