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

Federal Reserve Chairman Jerome Powell speaks after the Federal Open Market Committee meeting on May 7, 2025. Jacquelyn Martin/AP Photos "Stagflation ... driven in part by the oil embargo.

WASHINGTON (AP) — President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday and the two discussed the economy but not Powell’s outlook for interest rates, the Fed said.

WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged ... It last occurred on a sustained basis during the oil shocks and recessions of the 1970s. Most economists say ...

(Photo by Drew Angerer/Getty Images) The Washington Post columnist Heather Long writes that “There’s an easy way for the Federal Reserve to stop this [economic] deterioration and prevent a ...