Newly released transcripts from 2007 show Federal Reserve officials were slow to act as the economy slid into recession.

The Federal Reserve has released the minutes from its meeting in mid-December where the Fed's announced a major shift in it's policy.

New data capture the scope of profits at the U.S. Federal Reserve, estimated to be $90 billion this year.

The Federal Reserve says it will keep interest rates near zero until the unemployment rate drops to 6.5 percent. But what will it take to get there?

Despite some worries about consumer demand this holiday season, U.S. retail sales rose 0.3% in November.

The Federal Reserve has spelled out what it’s going to do to try to juice up the economy. Yesterday, Fed Chairman Ben Bernanke announced a new strategy that ties the Fed’s actions to unemployment and inflation rates.

Fed chairman Ben Bernanke said he's going to keep interest rates at or near zero as long as the unemployment rate is higher than 6.5 percent, and the inflation rate is 1.5 percent or less.

It's the second and final day of the regular policy meeting at the Federal Reserve. Later today we'll hear what, if any, additional monetary stimulus the Fed Board might endorse as the latest round of quantitative easing is set to expire.

The Federal Reserve committee that sets U.S. monetary policy meets today and tomorrow.