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Powell plans reductions in Fed staff

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.

Wall Street Journal · 54m

Federal Reserve Plans to Reduce Staff by 10%

The Federal Reserve is planning to reduce staffing by 10% in the years ahead, Chair Jerome Powell said in a memo to employees seen by The Wall Street Journal.

POLITICO on MSN · 1h

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."

Powell, Fed and supply shocks

CBS News on MSN · 1d

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

The Fed's warning echoes that of analysts who say U.S. companies could face inventory shortfalls as a result of tariff-induced supply chain issues.

AOL · 1d

Fed's Powell says US may be entering period of more frequent and persistent 'supply shocks'

Federal Reserve Chairman Jerome Powell said Thursday that the US may be entering a period of more frequent supply shocks and volatile inflation, warranting more transparent communication practices from the central bank.

Men's Journal · 21h

Jerome Powell Issues Stark Warning For U.S.

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.

Commercial Observer44m

Commercial Real Estate Eyes a Federal Reserve Running Out of Options

Tariffs and fears of a recession complicate what will likely be Jerome Powell's last year as chairman of the central bank.

1don 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 ...

1don MSN

Powell Steers New Strategy for a World Where Very Low Rates Are No Sure Thing

Forthcoming changes to the Federal Reserve’s rate-setting framework are unlikely to influence officials’ current decisions.

12don MSN

Who Is Jerome Powell?

Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was ...

3dOpinion

Is Jerome Powell batting for three strikes?

Jerome Powell mismanaged the COVID-19 economy. He also failed to understand Joe Biden's inflation. His refusal to cut ...

29d

Trump escalates feud with Fed Chair Jerome Powell, saying his 'termination cannot come fast enough'

President Donald Trump said in a Truth Social post that Federal Reserve Chair Jerome Powell's "termination cannot come fast enough." ...

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 ...

Fed Officials Stick to Cautious Message on Rate Cuts Despite Pressure From Trump

Jerome H. Powell, chair of the Federal Reserve, has made clear that pre-emptive interest rate cuts are not appropriate for ...

11don MSN

Investors on hold for Fed Chair Powell’s speech as strong data boosts stocks globally

Buying momentum continued in Asia and European stock markets today, but all eyes are on Jerome Powell’s upcoming commentary.

An Inconclusive Inflation Report

Hyperbole aside, last month’s inflation rate was lower than economists expected. But some analysts believe the relatively strong report could be the final calm before the storm, as American firms ...

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