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Jerome Powell plans to cut central bank staff by 10% in nod to Elon Musk's DOGE
https://nypost.com/2025/05/16/business/jerome-powell-plans-to-cut-central-bank-staff-by-10-in-nod-to-elon-musks-doge/
Jerome Powell plans to cut central bank staff by 10% in nod to Elon Musk's DOGE
The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the central bank in line with President Trump's broader efforts to streamline the federal government, according to a memo that Fed Chairman Jerome Powell sent to staff on Friday.
https://nypost.com/2025/05/16/business/jerome-powell-plans-to-cut-central-bank-staff-by-10-in-nod-to-elon-musks-doge/