U.S. Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee's statement on interest rate policy, in Washington, D.C., U.S., ...

A new critic of the Federal Reserve’s dual mandate is emerging, and wouldn’t you know if it isn’t the Fed chairman himself, Jerome Powell. The dual mandate is Fed shorthand for the hard-to-achieve — ...

Scott Bessent’s call for the Federal Reserve to “re-establish its credibility as an independent institution focused solely on its statutory mandate of maximum employment, stable prices and moderate ...

Learn about the key functions of major central banks and how their policies shape global financial markets and economic ...