Fed to Cut Staff by 10% Over Several Years

In an internal memo to staff on Friday, Jerome H. Powell, the chair of the central bank, said the institution would offer a voluntary deferred resignation program.

May 16, 2025 - 19:48
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Fed to Cut Staff by 10% Over Several Years
In an internal memo to staff on Friday, Jerome H. Powell, the chair of the central bank, said the institution would offer a voluntary deferred resignation program.