Jeez. Fed Chairman Powell -- who has bucked trump -- is now saying he'll reduce staff by 10% in coming years.

[Silent Type]

"The Federal Reserve will look to reduce its headcount by 10% over the next couple of years, including offering deferred resignation to some older employees, central bank Chair Jerome Powell said in a memo.

"“Experience here and elsewhere shows that it is healthy for any organization to periodically take a fresh look at its staffing and resources. The Fed has done that from time to time as our work, priorities, or external environment have changed,” Powell said in the memo obtained by CNBC.

"The central bank chief added that he has instructed leaders throughout the Fed “to find incremental ways to consolidate functions where appropriate, modernize some business practices, and ensure that we are right-sized and able to meet our statutory mission.” One method for shrinking the staff will be to offer a voluntary deferred resignation program to employees of the Federal Reserve Board who would be fully eligible to retire at the end of 2027.

"The central bank said in its 2023 annual report that it had just under 24,000 employees. A 10% reduction would bring that number below 22,000.

https://www.cnbc.com/2025/05/16/federal-reserve-will-reduce-staff-by-10percent-in-coming-years-powell-memo-says.html

[Sailingdiver]

1. this is not unusual

In a careful planned manner this shouldn't be an issue.

The approach that stupid and his gang of fluffers is a hot mess.