The Federal Reserve Bank of New York, or New York Fed, is the Federal Reserve bank that is responsible for the second district and is located in New York City. The Federal Reserve Bank of New York ...

The Federal Reserve aims to cut 10% of its workforce over the next several years, Chair Jerome Powell told employees in a ...

So fundamental was gold to the Fed’s operations that its enabling legislation “mandated that each dollar of Federal Reserve notes be backed by at least 40 cents in gold,” the New York Fed has noted.

In January 2019, after a series of discussions around long-run frameworks for monetary policy implementation, the FOMC communicated its intention to maintain an ample supply of reserves, affirming the ...

Federal Reserve Chair Jerome Powell has over the years steadfastly defended the central bank's independence. Most recently, he underlined at a New York Times event in December that insulating the ...

Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. She is a financial therapist and transformational coach, with a special ...