Federal Reserve will reduce staff by 10% in coming years, Powell memo says

cnbc.com/2025/05/16/federal-reserve-will-reduce-staff-by-10percent-in-coming-years-powell-memo-says.html

The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including offering deferred resignation to some older employees, central bank Chair Jerome Powell said in a memo.
"Experience here and elsewhere shows that it is healthy for any organization to…

This story appeared on cnbc.com, 2025-05-16 20:04:01.389000.
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