Fed lays off 10% of its employees, returning to 10 years ago

According to ChainCatcher, Fed Chairman Powell said the number of Fed employees is decreasing significantly and is currently laying off 10%. After the layoffs are over, the number of employees will return to the level it was 10 years ago. Speaking about the prospects for the Fed's reform, Powell said he was willing to accept constructive criticism and ways to improve his work, but did not think it was necessary to conduct a formal review.