The Federal Reserve is often called the U.S. "central bank." In fact, most countries have central banks. In Canada, it's the Bank of Canada. In the United Kingdom, it's the Bank of England.
Bloomberg / Contributor / Getty Images The U.S. Constitution does not mention the need for a central bank, nor does it explicitly grant the government the power to create one. Those who adhere to ...
The central bank is widely expected to hold interest rates steady in its first meeting of 2025. Here is what investors will be watching: When is the Fed decision due? At 2 p.m. ET. How much will the ...