The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks ... for the country. How does the federal funds ...

Some of the Board of Governors’ biggest responsibilities include ... and commercial sectors. In addition, each Governor must be selected from a different Federal Reserve District.

Each Federal Reserve district has a nine-member board of directors. Six are elected by commercial private banks within each district, and three are voted on by the Fed's Board of Governors.

The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.