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Federal Reserve to Cut Staff 10% Over ‘Couple of Years’
pymnts.com/personnel/2025/federal-reserve-to-cut-staff-10percent-over-couple-of-years
The Federal Reserve plans to cut its workforce by about 10% “over the next couple of years” amid a periodic review of its staffing levels, Federal Reserve Chair Jerome Powell told Fed staff in a memo obtained by PYMNTS.
In the memo, Powell said offers of voluntary deferred resignations…
This story appeared on pymnts.com, 2025-05-16 22:33:55.