It's pretty much exactly what you imagine: A central bank is the last lender for seriously distressed institutions and governments. It can do things like purchase government debt obligations ...

The Federal Reserve is widely expected to leave interest rates unchanged on Wednesday, at the conclusion of its March meeting ...

What does a central bank do when inflation undershoots or overshoots its projected target? A central bank has one important tool at its disposal to get inflation higher or lower, and that is by ...