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.

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.

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.

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

The disclosure by the Federal Reserve that it plans to slash its workforce by 10 percent in coming years strikes us as newsworthy. The central bank is characterizing the staff cuts as part of its effort to be a “responsible steward of public resources.

Federal Reserve Chair Jerome Powell on Thursday discussed the Fed's framework review, a twice-a-decade look at the central bank's monetary-policy strategy. He said the Fed was in the process of making

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.