In 1913, Congress created the Federal Reserve Act, which established the Federal Reserve system as we know it ... What Is a Federal Reserve Note? Is It Backed by Gold? A Federal Reserve note ...

During this period, the U.S. currency was considered to be “inelastic” because a bank could only issue as many currency notes as ... members of the Federal Reserve system.

After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and ...

Fed Chair Jerome Powell said “we do not need to be in a hurry to adjust our policy stance” and monetary policy is “well ...

The Federal Reserve has three main objectives: maximize employment, stabilize prices, and moderate long-term interest rates. Learn how the Fed’s role has expanded since it was established in 1913.