Applications for jobless benefits fell by 2,000 to 227,000 for the week ending May 17, the Labor Department said Thursday.

St. Louis Fed president Alberto Musalem said that even after President Trump's 90-day trade truce with China, tariffs at ...

The nearly 40 million Americans expected to hit the roads this Memorial Day weekend will have something to make them smile ...

Federal Reserve Chair Jerome Powell's tenure is up in a year, so as the central bank puts together its final framework under ...

US equity markets have endured a turbulent week, initially expending their post-April rally pullback following comments from Federal Reserve chairman Jerome Powell. His remarks on a revised monetary ...

The trade war waged by Donald Trump, although chaotic, is not likely to plunge the United States into a recession, according ...

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 will look to reduce its headcount by 10% over the next couple of years, including offering deferred ...