While Trump will be able to appoint a new Fed chair in 2026, he does not have the ability to set monetary policy or change the federal funds rate. No president has the direct power to reduce mortgage ...
The US Federal Reserve made its first significant decision during President Donald Trump's second term on Wednesday, announcing in a "unanimous" vote that it would maintain the interest rate ...
Individuals can not have accounts with the Federal Reserve, but in a way, the money in the Fed is ours. That's because financial institutions and the government itself hold cash, checks ...