The Federal Reserve has several tools to manage the money supply and keep the economy running smoothly. Learn how the central bank sets monetary policy.

On January 13, central banks of several countries and international institutions issued a joint statement expressing support for Jerome Powell, head of the US Federal Reserve System (FRS, which serves as the central bank),

Economists have long preferred independent central banks because they can more easily take unpopular steps to fight inflation, such as raise interest rates, which makes borrowing to buy a home, car, or appliances more expensive.

The Fed is a separate agency from the U.S. Treasury, but both are responsible for keeping the economy stable. Here's the difference between the two bodies.

The Justice Department’s decision to open up a criminal investigation of Jerome H. Powell, the chair of the Federal Reserve, is a major escalation in the pressure campaign against the central bank to cut interest rates.

B added, repo/RRP volatility, deposit swings, and inflation risks amid politics. Read more macro analysis here.

The Secretary of the Treasury suspended production of the 1-cent coin, with the final penny pressed Nov. 12., after determining it was no longer needed—and becoming increasingly expensive to make. The cost to produce the penny has increased from 1.42 cents to 3.69 cents per penny, according to the United States Mint.

The Congressional Budget Office has released new economic projections, expecting the Federal Reserve to cut short-term rates in 2026