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Powell plans reductions in Fed staff

Powell plans reductions in Fed staff through attrition

In a message to board employees, the central bank chair said “changes around staffing and operations can be challenging."

AOL · 12h

Fed Chair Powell outlines plans to cut 10% of staff in coming years

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

Reuters · 16h

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 with President Donald Trump's broader efforts to streamline the federal government,

Fed, Powell and supply shocks

CBS News on MSN · 1d

Fed chief Jerome Powell warns that U.S. could face "supply shocks"

Federal Reserve Chair Jerome Powell is cautioning that the U.S. could face an increase in supply shocks. The comes a week after the central bank announced it would hold interest rates steady amid a period of economic uncertainty.

Fox Business on MSN · 1d

Powell warns economy could face more frequent 'supply shocks'

Fed Chair Jerome Powell spoke about how the central bank's monetary policy framework could shift if inflation is more volatile and supply shocks more common.

Men's Journal on MSN · 1d

Fed Chief Warns of ‘Persistent Shocks’ to U.S. Economy

Federal Reserve Chair Jerome Powell delivered a sobering message this week: the U.S. economy may be entering a period marked by more frequent and potentially lasting supply shocks that could lead to ongoing inflation volatility.

Watch Fed Chair Jerome Powell deliver live remarks on policy review

Following the last review, the Fed outlined a policy that became known as flexible average inflation targeting. The move was ...

2don MSN

Why a former Fed chief says the China trade deal creates more problems for Powell and the central bank

Former Fed president Bill Dudley warned that the central bank risks mistiming interest rate cuts if the economy stumbles into ...

Walmart, Fed’s Powell and Dick’s Sporting Goods, Footlocker deal: Live Updates

As President Trump’s Middle East trip continues, investors are refocusing on the basics with Walmart earnings, producer ...

9don MSN

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 ...

1don MSN

As the Fed devises its new strategy, Powell sees an economy with ‘more volatile’ inflation

Every five years the Federal Reserve reconsiders its framework for monetary policy. This time it will have to consider ...

NBC New York9d

Fed meeting recap: Powell rules out a preemptive rate cut to blunt any tariff impact

Fed Chair Jerome Powell knocked down any notion of taking preemptive rate cuts as inflation is still running above target ...

8don MSN

Powell says Fed can wait to lower interest rates again. But will it wait too long?

Jerome Powell said the Federal Reserve can wait to see which effect from Trump's tariffs is worse - high inflation or a weak ...

Federal Reserve Meeting Live: Chair Jerome Powell Says There's Still Room For Patience

Federal Reserve Chair Jerome Powell reiterated the need for a wait-and-see approach during a press conference following the ...

1don MSN

Powell señala que la Fed evalúa un cambio en el marco de la política monetaria

El presidente de la Reserva Federal, Jerome Powell, dijo que los responsables políticos están evaluando cambios en partes ...

2don MSN

Powell's lean to job market under microscope as Fed revisits strategy

With mounting evidence that tight labor markets do not necessarily boost inflation and facing massive job losses in 2020, ...

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