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 was widely expected to leave interest rates unchanged on Wednesday, at the conclusion of its March ...

President Donald Trump late Wednesday criticized the Federal Reserve, urging the central bank to reduce interest rates, hours after it chose to leave borrowing rates unchanged. The move marked the ...

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 ...