Next steps remain unclear as proposal to redevelop the old Federal Reserve building into a hotel or apartments on Grand ...

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

The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the U.S. central bank in line ...

The Federal Reserve has likely come across your radar at some point. Often referred to as simply "the Fed," this central banking system of the United States typically meets eight times a year to ...

Kate joined Newsweek in May 2024. She is a graduate of Ithaca College. The Federal Reserve opted to leave interest rates unchanged on Wednesday, citing heightened risks of rising inflation and ...

Andrew Harnik / Getty Images The Federal Reserve kept the central bank's key interest rate in a range of 4.25% to 4.5%, the same as it's been since December. The Fed has been waiting to see how ...

The Federal Reserve concluded its recent meeting with no changes to interest rates, a decision that market observers widely anticipated. Fed Chair Jerome Powell described the current economic ...

The Federal Reserve is planning to reduce the workforce at the central bank by 10% over the next few years, according to a memo reviewed by FOX Business. Fed Chair Jerome Powell sent a memo on ...

The Federal Reserve on Wednesday announced that it will leave its benchmark interest rate unchanged as policymakers continue to monitor inflation and the labor market amid elevated levels of ...

By Colby Smith Reporting from Washington The Federal Reserve will reduce its work force by 10 percent over the next several years to ensure the institution is “right-sized and able” to carry ...

Richard Sharrocks / Getty Images In 1913, the Federal Reserve Act established the Federal Reserve System (FRS), an independent governmental entity that would serve as a central bank to the U.S ...