The FedNow system allows financial institutions to instantly transfer money to customers any day, anytime.

The former Treasury secretary sees rates headed higher in the short run, and U.S. taxes rising significantly in the longer run.

The Treasury Department's top official for financial markets and stability expressed little urgency over the federal government's need to prepare for the potential launch of a digital U.S. dollar.

A recent study on the various projects undertaken by central banks around the world has found that the most commonly named motivation is preserving their role in monetary provision.

The consumer price index was up 7.7% from a year earlier, the smallest annual advance since the start of the year and down from 8.2% in September.

A report from the U.S. Treasury Department didn't say the U.S. should adopt a digital currency, but did recommend it start laying the groundwork in case it ever decides to do so.

U.S. consumer prices rose in March by the most since late 1981, reinforcing pressure on the Fed to raise interest rates even more aggressively.

Policy makers voted 8-1 to lift their key rate to a target range of 0.25% to 0.5%, the first increase since 2018, after two years of holding borrowing costs near zero.

Janet Yellen won confirmation to become U.S. Treasury secretary, building out President Joe Biden’s team as the administration struggles to win bipartisan support for a $1.9 trillion COVID-19 relief plan for shoring up a weakening economic recovery.

The Treasury Secretary-designate said she would work with lawmakers to fast-track a series of tax increases on corporations and wealthy Americans.

Gary Gensler, a former head of the U.S.’s main derivatives regulator, is President-elect Joe Biden’s likely pick to lead the Securities and Exchange Commission, according to two people familiar with the matter.

Economic experts believe the current surge is not enough to stop continued losses incurred by various segments of economy.

The Treasury secretary will put the unspent CARES Act funding into an account that his presumed successor will soon need authorization from Congress to use.

The former Fed chair would be the first woman to head the Treasury.

Opening a bank or investment account — or even securing employment in a racism-free workplace — is out of reach for many Black Americans.

Golden, who just completed his term at FASB, will be chairing an Assurance Quality Advisory Committee at PwC.

The American Institute of CPAs has organized a coalition of 21 business trade groups to push for help for businesses' short-term liquidity needs.

The lender portal for the Federal Reserve’s Main Street Lending Program has opened as the long-awaited alternative to the problem-plagued Paycheck Protection Program after weeks of delays.

Lax eligibility requirements are raising new questions about which firms should get access to public money.

The latest effort to overhaul the post-financial crisis rule would replace the proposed "accounting prong" for determining which kinds of trades are prohibited.