What is the Federal Reserve — and why does it meet? The Federal Reserve is the central bank of the United States and the anchor of the country's financial system and economic health. It’s ...

The Trump administration is expected to choose Federal Reserve governor Michelle Bowman to be the central bank’s top financial regulator, according to a person familiar with the decision.

An official who manages the Federal Reseve’s monetary-policy implementation said tweaks to the composition of the central bank’s balance sheet could mean the Fed would eventually own relatively more ...