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.

FILE – In this July 31, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks ... months and are up 2.4% from a year ago. Gas and oil prices have declined — gas costs are down ...

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 ...

President Donald Trump has been loudly critical of Federal Reserve Chair Jerome Powell for years now. Since January, the President has accused him of playing politics by keeping interest rates high.