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 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.

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 out its duties to foster a healthy economy.

A broadside by Office of Management and Budget Director Russell Vought opened up a new front in Trump’s war of words against ...

The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including offering deferred resignation to some older employees, central bank Chair Jerome Powell said ...

President Donald Trump has been loudly critical of Federal Reserve Chair Jerome Powell for years now. Since January, the President has accused him of playing politics by keeping interest rates high.

Topline. T he Federal Reserve aims to cut 10% of its workforce over the next several years, Chair Jerome Powell told employees in a memo, according to multiple reports—following suit with the ...