Congressman Thomas Massie (R-KY) reintroduced his bill to abolish the Federal Reserve on Thursday, calling the central bank ...

Below, CNBC Select explains how and why the Federal Reserve sets this rate, and how it affects the economy, as well as your own money. Federal regulations require financial institutions to keep a ...

Abolishing the Federal Reserve would transform the economy, increasing market uncertainty and favoring monetary alternatives ...

When inflation started surging in the wake of the pandemic, it put a lot of Americans in a tough financial spot. And while ...

The latest reading of the Federal Reserve's preferred inflation gauge showed that prices rose in line with economists' expectations in January as the inflation fight continues. The Conference ...

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

Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged.