The president returned to Washington from a Middle East trip to find his tariffs and a U.S. debt downgrade remain a concern ...

Economists have warned from day one that the cost of the Donald Trump administration's tariff policy will be borne by US companies and consumers. The administration in turn has painstakingly sought to ...

Treasury Secretary Scott Bessent warned on Sunday that tariff rates will go back to "reciprocal" levels if countries do not make trade deals with the US during the 90-day pause. “President Trump has ...

Fresh out of his Middle East tour, President Donald Trump continued to bash Jerome Powell after the Federal Reserve chief ...

The result of a presidential prerogative to overhaul federal arts and cultural agencies, a succession of Hampton Roads arts ...

President Donald Trump on Saturday said in a social media post the U.S. Federal Reserve should cut rates "sooner, rather than ...

Federal Reserve Chair Jerome Powell told staff in a memo Friday the central bank will be lowering its staffing levels in the ...

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

Experience here and elsewhere shows that it is healthy for any organization to periodically take a fresh look at its staffing and resources,” Powell wrote in a memo.

The decision could impact financial markets, raise interest rates, and highlight fiscal challenges for the U.S. government.

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

The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the U.S. central bank in line ...