The 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 periodically take a fresh look at its staffing and resources. The Fed has done that from time to time as our work, priorities, or external environment have changed," Powell said in the memo obtained by C온라인카지노사이트.
Watch 온라인카지노사이트 5 free wherever you are
WATCH HEREThe central bank chief added that he has instructed leaders throughout the Fed "to find incremental ways to consolidate functions where appropriate, modernize some business practices, and ensure that we are right-sized and able to meet our statutory mission." One method for shrinking the staff will be to offer a voluntary deferred resignation program to employees of the Federal Reserve Board who would be fully eligible to retire at the end of 2027.
The central bank said in its that it had just under 24,000 employees. A 10% reduction would bring that number below 22,000.
Get top local stories delivered to you every morning with 온라인카지노사이트 DFW's News Headlines newsletter.
SIGN UP The memo comes as the Trump administration has pushed for cost cuts across civil service agencies, spearheaded by Elon Musk and the so-called Department of Government Efficiency. Musk has previously called the Fed "." Powell's memo did not mention Musk or DOGE as a factor in the decision to shrink headcount.
The planned staff cuts were first reported by .
— C온라인카지노사이트's Matt Cuddy contributed reporting.
