Jerome Powell is currently the Chair of the Federal Reserve. Learn when his term ends and what limitations President Donald Trump would face in attempting to remove him.

Following the last review, the Fed outlined a policy that became known as flexible average inflation targeting. The move was a stated intent to allow inflation to run slightly over the central bank's 2% target for a period of time in the interest of providing full and inclusive employment across the economy, including for race and gender.

Past changes to the Federal Reserve's longer-run strategy, including letting inflation run hotter than 2% for "some time," might no longer work for the current economy.

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

The memo made no mention of any involuntary cuts or layoffs. Fed Chair Jerome Powell said that he has directed Fed leadership to find “incremental” ways to trim operations, with a goal of ...

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.

There is one subject where Federal Reserve Chair Jerome Powell has been consistent since becoming central bank boss nearly seven years ago: The nation’s fiscal path is "unsustainable." It’s a word he has come back to again and again in describing US deficits,