Powell: The Federal Reserve is laying off 10% of its workforce.
2025-09-17 19:45:39
Federal Reserve Chairperson Jerome Powell said the number of employees at the Federal Reserve is significantly decreasing. The Federal Reserve is currently cutting 10% of its workforce, and "when the layoffs are over", the number of employees at the Federal Reserve will return to the level of 10 years ago. On the prospect of Fed reform, Powell said that "we are certainly open to constructive criticism and ways to do our job better", but he did not see the need for a formal review of the Federal Reserve.
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