The Federal Reserve aims to cut 10% of its workforce over the next several years, Chair Jerome Powell told employees in a ...

Federal Reserve Chairman Jerome Powell speaks after the Federal Open Market Committee meeting on May 7, 2025. Jacquelyn Martin/AP Photos "Stagflation" is an uncommon but severe economic condition ...

WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of both ...