Powell: The Fed is laying off 10% of its employees
Source: ChainCatcher
Time: 2025-09-18 03:20:01
According to ChainCatcher, Fed Chairman Powell said that the number of Fed employees is decreasing significantly, the Fed is currently laying off 10% of its employees, and the Fed will return to the level 10 years ago "after the layoffs are over." Speaking about the prospects for the Fed’s reform, Powell said, “We are certainly willing to accept constructive criticism and a way to do our job better”, but he does not see the need for a formal review of the Fed. (Jin Shi)