The Federal Reserve affects you in more ways than you might think. From interest rates to the employment rate, here are all the ways the Fed affects daily life.

The Fed doesn’t just set interest rates. It needs to be able regulate banks independently too, to make sure the financial system keeps running in good and bad economic times.

Yet another government official faces potential criminal charges after clashing with President Donald Trump. This time, the head of the Federal Reserve Board is under federal investigation over testimony he gave to Congress. He and many observers see another example of Trump using the justice system to go after his opponents.

The US Attorney’s Office for the District of Columbia has launched a criminal investigation into Federal Reserve Chair Jerome Powell, probing doubts surrounding his congressional testimony on the renovation of the system’s Washington,

The chair of the Federal Reserve oversees the U.S. banking system and helps steer monetary policy. The chair's salary is set by the U.S. Congress.

The Federal Reserve resumed securities purchases in December 2025, increasing its portfolio by $33.3 billion since late November. U.S. commercial banks currently hold nearly $3.0 trillion in excess reserves, maintaining substantial liquidity despite recent ...

"The Department of Justice served the Federal Reserve with grand jury subpoenas," Federal Reserve Chair Jerome Powell said on Jan. 11.

A criminal investigation of the Federal Reserve launched by the Department of Justice zeroed in on renovation of the Federal Reserve's headquarters.

Massive, unprecedented payouts with few strings attached could signal that big banks are seriously short on cash.