The Supreme Court went out of its way to note in an unrelated ruling Thursday that Donald Trump cannot legally remove Federal Reserve Chair Jerome Powell. In a decision that did allow Trump to fire two members of independent federal labor boards, the high court said that the Federal Reserve, on the other hand, holds a different status.

The former headquarters of the Second Bank of the United States, a precursor of the Federal Reserve, at Philadelphia in 2014. ProfReader via Wikimedia Commons CC3.0

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 size of the federal workforce despite the agency’s independence from the executive branch.

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.

Federal Reserve Chair Jerome Powell on Thursday discussed the Fed's framework review, a twice-a-decade look at the central bank's monetary-policy strategy. He said the Fed was in the process of making

Yet precisely because Shelton revealed a streak of independent thought, her nomination was met with all sorts of criticism. Implied in her failure to attain approval was that independence at the Fed is much more an affectation than it is reality.

The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the U.S. central bank in line with President Donald Trump's broader efforts to streamline the federal government,

The Federal Reserve should do more to show the public how it is thinking about the economy, former Fed Chair Ben Bernanke said. Over decades, the Fed has gradually moved toward greater transparency, a

There is one subject where Federal Reserve Chair Jerome Powell has been totally consistent since becoming central bank boss nearly seven years ago: The nation’s fiscal path is 'unsustainable.'