Sub Banner Image

Federal Reserve Plans to Shrink Staff: Where Could Cuts Come From?

Markets

·

May 16, 2025

·

Bloomberg

The Federal Reserve plans to reduce its workforce, mainly through attrition, by about 10% over the next several years. Fed Chair Jerome Powell informed staff on Friday in a memo viewed by Bloomberg News. Michael McKee looks at the structure of the central bank and where potential job cuts may happen. (Source: Bloomberg)

More from

Bloomberg

More

Markets

Articles

Trending News

Enjoy premium content in your inbox.

You're in! Check your email to learn more.
Oops! Something went wrong while submitting the form.