Federal Reserve Chair Jerome Powell testified before a Senate committee and said the central bank's workforce is more "overworked" than "overstaffed" in pushback against Elon Musk.

Elon Musk put the Federal Reserve on notice that the central bank could face an audit from his Department of Government ...

Elon Musk took aim at the Federal Reserve on social media early Monday morning, calling it “absurdly overstaffed.” Musk, the CEO of Tesla and a close ally of President-Elect Donald Trump ...

Last month, the billionaire Elon Musk, who has been tasked with cutting costs in the federal government, called the Federal Reserve “absurdly overstaffed.” But Powell said the Fed runs a ...

Responding to questions from Sen. Andy Kim, Democrat of New Jersey, Powell said that the Fed is not overstaffed—“overworked, maybe,” he said. The Trump administration has targeted the ...

Powell tells senators Fed is in no rush to lower rates US payments system remains safe, he says Fed chair says ‘fair to take a fresh look’ at debanking Law doesn’t allow Trump to fire Fed ...

Elon Musk, the leader of President Donald Trump's Department of Government Efficiency (DOGE), wrote in a post on X last month, "The Fed is absurdly overstaffed." Powell was asked about those ...