The request for information was issued as part of an executive order aimed at eliminating paper checks as a form of federal payment in most cases, which the administration says aims to curb fraud, modernize disbursements.

In a rare move, the US Federal Reserve issued a statment reaffirming its non-partisan stance after the central bank’s Chair Jerome Powell met with US President Donald Trump

The Fed continues quantitative tightening, reducing its balance sheet while managing excess reserves and liquidity to stabilize markets. Read about the Fed's main challenges.

Pressure is building inside the Federal Reserve’s funding network as its balance sheet runoff drags on. According to remarks delivered Thursday by Roberto Perli, who manages the System Open Market Account at the New York Fed,

Tens of thousands of workers have already been fired in just the first five months of the Trump administration, CNN reported. But the Supreme Court in a ruling said that there’s one federal worker that Trump can’t just summarily dismiss: the chairman of the board of the Federal Reserve system.

The intrigue: Some officials called out last month's unusual mix of financial market conditions, which saw rising borrowing costs and the U.S. dollar depreciating, alongside falling stock prices. It's a combination that suggested investors might be losing faith in the U.S. as home to the world's safest assets.

Richard Sharrocks / Getty Images In 1913, the Federal Reserve Act established the Federal Reserve System (FRS), an independent governmental entity that would serve as a central bank to the U.S ...

The Federal Reserve is the central bank of the United States and the anchor of the country's financial system and economic health. It’s governed by a federal Board of Governors appointed by the ...

Fed officials fret that the $1.7 trillion market for private credit has grown so big it could pose a risk to financial stability.