Federal Reserve Plans to Cut 10% of Its Staff

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 17, 2025 - 03:00
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Federal Reserve Plans to Cut 10% of Its Staff
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.