News

Federal Reserve to cut its workforce by 10% in coming years
The Federal Reserve is planning to reduce its workforce by 10% over the next few years, according to a memo by Fed Chair ...
What is the Federal Reserve and what does it do?
The Federal Reserve has likely come across your radar at some point. Often referred to as simply "the Fed," this central ...
Fed boss Jerome Powell plans to cut central bank staff by 10% in nod to Elon Musk’s DOGE
The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the central bank in line with ...
US Federal Reserve aims to trim staff by 10% in coming years
The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the U.S. central bank in line ...
Fed chair Jerome Powell cites 'uncertainty' as central bank holds key rate steady
Despite pressure from President Donald Trump to slash interest rates, the Federal Reserve was expected to stick to its ...
Federal Reserve doesn’t budge on interest rates as Trump tariff uncertainty still reigns
After Wednesday’s meeting, the central bank announced it would keep the federal funds rate, which banks use to borrow from ...
Central bank project shows monetary policy still viable in 'tokenized' system
Central banks should still be able to conduct monetary policy effectively and perhaps be even nimbler in a more decentralized ...
Goldman Sachs says undermining central bank independence has economic repercussions
An analysis by Goldman Sachs finds that reducing the independence of central banks like the Federal Reserve can contribute to ...
Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment
The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower ...
Ben Bernanke Argues for More Transparency at the Federal Reserve
The Federal Reserve should do more to show the public how it is thinking about the economy, former Fed Chair Ben Bernanke ...
Fed’s Goolsbee says it’s ‘not realistic’ to expect business or central banks to make major decisions
Despite all the tumult in the markets, the underlying data—which comes in with a lag—suggests the economy is still faring ...
Federal Reserve Plans to Reduce Staff by 10%
The Federal Reserve is planning to reduce staffing by 10% in the years ahead, Chair Jerome Powell said in a memo to employees seen by The Wall Street Journal.