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The Justice Department has subpoenaed the Fed over Chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates.
The Fed has been tasked with a dual mandate by Congress to achieve low inflation and high employment. Learn more about the dual mandate and what it means.
The two main factors that affect the value of your federal retirement benefit are your high-three average salary and your length of creditable service. The first is straightforward, but the second can get confusing.
Powell was responding to grand jury subpoenas delivered to the Federal Reserve related to his congressional testimony regarding construction work at the Fed headquarters.
The Federal Reserve has several tools to manage the money supply and keep the economy running smoothly. Learn how the central bank sets monetary policy.
Federal workers who are either furloughed or required to keep working without pay during the ongoing U.S. government shutdown express concern about the impact on their finances, their colleagues and the American public. Roughly 750,000 of the more than 2 ...
Late last year, Eric Hamm was feeling uneasy about his job security. He was working as a maintenance mechanic at Big Bend National Park in southwest Texas and aware of President Donald Trump’s plans to make big federal budget cuts. So, he applied to an ...
President Trump has declared that Christmas Eve and Dec. 26 will be federal holidays this year, meaning that federal departments and agencies will be closed. According to an executive order issued last week, agencies may require certain federal employees ...
The federal government remains shut down, in what is now the longest shutdown in U.S. history. Many federal workers have missed paychecks, including air traffic controllers, who are working unpaid. One air traffic controller is warning over the upcoming ...
The Federal Reserve is likely to hold interest rates steady when it meets at the end of the month, keeping tensions high with President Trump.