The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a set ...

The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S.

The Federal Reserve, or "the Fed," is the central banking system of the U.S. The purpose of the Federal Reserve is to regulate banks, manage the country's money supply, and implement monetary policy.