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Goldman Sachs Begins Large Round of Layoffs
Posted inBanking and Financial Institutions Goldman Sachs Group Inc Layoffs and Job Reductions Marcus by Goldman Sachs Solomon, David M

Goldman Sachs Begins Large Round of Layoffs

The investment bank plans to cut up to 3,200 jobs, or roughly 6 percent of its work force, as it faces economic challenges and cuts costs after an expensive foray into consumer lending.
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Posted by By Lauren Hirsch
Powell Says Fed ‘Will Not Be’ a Climate Policymaker
Posted inBanking and Financial Institutions Federal Reserve System Global Warming Inflation (Economics) Oil (Petroleum) and Gasoline Powell, Jerome H Speeches and Statements United States Economy United States Politics and Government

Powell Says Fed ‘Will Not Be’ a Climate Policymaker

In a speech on Federal Reserve independence, Chair Jerome H. Powell emphasized that climate change should be addressed by elected officials.
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Posted by By Jeanna Smialek
Phoenix Police Investigate Their Detention of a Wall Street Journal Reporter
Posted inBanking and Financial Institutions Black People Discrimination Freedom of the Press News and News Media Phoenix (Ariz) Police Police Department (Phoenix, Ariz) Rabouin, Dion Trespassing Wall Street Journal

Phoenix Police Investigate Their Detention of a Wall Street Journal Reporter

The reporter, Dion Rabouin, who is Black, was handcuffed and placed in a police vehicle after conducting interviews outside a bank in November.
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Posted by By Livia Albeck-Ripka
Fed Officials Ask How to Better Understand Inflation After Surprises
Posted inBanking and Financial Institutions Economic Conditions and Trends Interest Rates Labor and Jobs Prices (Fares, Fees and Rates) United States Economy

Fed Officials Ask How to Better Understand Inflation After Surprises

Federal Reserve officials, including Lisa Cook, a board member, are wrestling with how to think about price increases after 18 months of rapid change.
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Posted by By Jeanna Smialek and Ben Casselman

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