Chair Powell says Federal Reserve will reduce staff by 10%

Jerome Powell has told the Federal Reserve to start cutting jobs. In a memo obtained by Bloomberg, Powell said the central bank will lower its workforce by 10% over the next two years. That would mean reducing its nearly 24,000 employees to under 22,000, using what he called a “voluntary deferred resignation” offer for certain […] source: https://www.cryptopolitan.com/powell-says-fed-will-reduce-staff-by-10/