In the internal memo, a copy of which was seen by Reuters, Powell said that he has directed Fed leadership to find “incremental” ways to trim operations, with a goal of shrinking the Fed’s ...

Powell acknowledged at the conference that the economic environment has changed since the Fed's last strategy meeting in 2020, when interest rates were far lower than they are today. "Longer-term ...

Federal Reserve Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux. In remarks that focused on the central bank ...

In a Thursday morning speech, Fed Chair Jerome Powell said communication practices — particularly during times of heightened uncertainty — have been focal points during both internal and external ...

President Trump renewed his criticism on Thursday of Federal Reserve Chair Jerome Powell, calling him a “fool” and complaining that the Fed is refusing to lower interest rates.

President Donald Trump, in a Thursday morning message on Truth Social, called Fed Chair Jerome Powell a “fool,” responding publicly to the U.S. central bank’s decision Wednesday to keep ...

President Trump on Thursday criticized Federal Reserve Chair Jerome Powell for holding interest rates steady at the Fed's May 7 meeting, calling him a "fool" for acting "too late" in cutting the ...

President Donald Trump criticized the Fed's decision not to lower interest rates. "Jerome Powell is a FOOL," he wrote on Truth Social. The Fed is waiting for greater clarity on the impact of ...

The Fed's monetary policy committee warned of a potential stagflation risk, though chair Powell assuaged worries by asserting that the economy was "resilient and in good shape" and that ...

At a news conference May 7 after the Fed held interest rates steady, Chair Jerome Powell repeatedly said officials can afford to “wait and see” how the effects of the tariffs play out and are ...