The Federal Reserve System is a network of regional banks that acts as the central bank of the United States. What Is the Federal Reserve System (FRS)? The Federal Reserve System (FRS) is the central bank of the United States. Often called the Fed ...

"The labor market is really cooling off," said Fed Chair Jerome Powell, who's been under unprecedented pressure to slash rates.

A federal appeals court has rejected President Donald Trump’s bid to quickly fire Federal Reserve board member Lisa Cook. The decision leaves the president just hours to ask the Supreme Court to oust her before a critical interest-rate setting meeting kicks off Tuesday.

The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.

Lisa Cook persuaded a federal judge in Washington, D.C., that mortgage fraud allegations stemming from before her time in office do not meet the "for cause" standard for removal. The post Judge slams brakes on Trump's firing of Federal Reserve governor and suggests government was doomed by a telling admission in court first appeared on Law & Crime.