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Powell plans reductions in Fed staff

Bloomberg on MSN · 12h

Fed to Shrink Staff By About 10% Over Next Several Years

The Federal Reserve plans to shrink its workforce by about 10% over the next several years, mainly through attrition, according to people familiar with the plans.

Politico on MSN · 11h

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."

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.

Powell, Fed and supply shocks

CNBC on MSN · 1d

Fed's Powell cautions about higher long-term rates as ‘supply shocks' provide policy challenges

Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.

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.

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.

The Texas Tribune10h

Texas businesses feel the pinch from Trump’s tariffs, Fed survey finds

The higher taxes on imports will shrink Texas businesses’ profits and raise costs for consumers, business owners say.

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 ...

1don MSN

Fed's Barr says economy on solid footing, trade dispute clouds outlook

The U.S. economy is on solid footing with inflation heading to the central bank's 2% target, but trade policies have clouded ...

3d

Powell says Fed doesn't need to be in a hurry on rates

Federal Reserve Chair Jerome Powell says it is still appropriate to keep monetary policy on hold, given uncertainty about the ...

4d

Fed Official Still Bracing for Economic Shock Despite China Tariff Pause

Austan D. Goolsbee, president of the Chicago Fed, said there was still a risk of higher consumer prices and slower growth ...

15hon MSN

Bernanke Urges Fed to Adopt ‘Alternative’ Forecast Scenarios

Former Federal Reserve Chair Ben S. Bernanke urged the US central bank to provide the public a fuller explanation of its ...

1d

How The Fed’s Next Move Could Make Or Break Job Prospects For New Grads

As the Federal Reserve signals possible rate cuts, new graduates face a changing job market. Explore how interest rates may ...

1don MSN

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

By Howard Schneider WASHINGTON (Reuters) -With mounting evidence that tight labor markets do not necessarily boost inflation ...

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