Federal Reserve Chair Jerome Powell may have received immunity from any move by President Donald Trump and his administration to fire him following a ruling by the U.S. Supreme Court. The apex court’s decision came after an application from the Trump administration for stay orders from the District Court of Columbia enjoining the president’s

The Federal Reserve aims to cut 10% of its workforce over the next several years, Chair Jerome Powell told employees in a memo—following suit with the Trump administration’s efforts to reduce the size of the federal workforce despite the agency’s independence from the executive branch.

Forthcoming changes to the Federal Reserve’s rate-setting framework are unlikely to influence officials’ current decisions. But the expected changes acknowledge that the ‘lower-for-longer’ interest-rate era may be over.

The Federal Reserve is planning to reduce its workforce by 10% over the next few years, according to a memo by Fed Chair Jerome Powell sent to employees on Friday.

President Trump tore into Federal Reserve Chair Jerome Powell early Thursday, a day after the central bank opted to hold interest rates steady — bucking calls from the president to lower borrowing costs. “‘Too Late’ Jerome Powell is a FOOL ...

Tariffs and fears of a recession complicate what will likely be Jerome Powell's last year as chairman of the central bank.

Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was ...

You’ve gotta feel bad for Federal Reserve Chairman Jerome Powell. Since he took over, he’s had to manage the American economy through Covid, post-stimulus inflation, and a bear market in stocks. His job isn’t getting any easier.