headcount reduction

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Fed to shrink staff by about 10% over next several years #shorts #fed #federalreserve #cuts #powell
Bloomberg Television· 2025-06-18 19:56
our headcount has grown at about 1% a year. So over the course of a couple of years, we're going to we're doing a careful scrub of the board and all the reserve banks and we're going to find 10% of employees uh who can do something else where where we can we can streamline our operations and we we think we can get there in a year in a couple of years. We think we can do that and we think the oper we think the the um you this is this is without taking risk to carrying out our critical missions.So this is som ...
Fed Chair Powell: We approach headcount reduction 'thoughtfully and carefully'
CNBC Television· 2025-06-18 19:40
mayor. Thank you. Amara Moquy with Bloomberg.Chair Pal, in February, you told Congress that the Fed is quote overworked, maybe not overstaffed. Then in a memo to memo to staff in May announcing a deferred resignation program at the Fed, you said you wanted to ensure that the Fed was quote rightsized. Those two statements appear to be at odds with one another.Could you explain what changed in the roughly three months between those statements that made you decide that fat staff levels at the Fed should declin ...