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.

Federal Reserve Chair Jerome Powell told staff in a memo Friday the central bank will be lowering its staffing levels in the years ahead.

The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the U.S. central bank in line with President Donald Trump's broader efforts to streamline the federal government,

The Federal Reserve should do more to show the public how it is thinking about the economy, former Fed Chair Ben Bernanke said. Over decades, the Fed has gradually moved toward greater transparency, a

An attorney for the Justice Department said whether the president has the authority to fire the chairman of the Federal Reserve was a "hard historical question."