The Federal Reserve aims to cut 10% of its workforce over the next several years, Chair Jerome Powell told employees in a ...

In an internal memo to staff on Friday ... at the Washington-based Board of Governors. Cuts are expected to be made across the entire Federal Reserve System, including the 12 regional banks.

President Trump said his pick for the next Federal Reserve chair was coming soon as he stepped up his attacks on Jerome H.

The Federal ... Reserve Board employees who are eligible for full retirement as of Dec. 31, 2027, similar to how the central bank handled its workforce reductions in a 1997 efficiency push. "Board ...

The Federal Reserve ... Powell informed staff on Friday in a memo viewed by Bloomberg News. Michael McKee looks at the structure of the central bank and where potential job cuts may happen.

The number of Americans filing new applications for unemployment benefits last week increased for a second straight week, ...

The federal government is scaling back data collection used to calculate the inflation rate. Economists warn that could make ...

The Federal Reserve aims to cut 10% of its workforce over the next ... The Federal Reserve will “take a fresh look at staffing and resources” to find ways to consolidate responsibilities ...