{"content":"🇺🇸 The Fed Is Cutting 10% of Its Workforce In a bold move, Chair Jerome Powell has announced a 10% reduction across the Federal Reserve's workforce, calling it a long-overdue reset to ensure the institution stays "mission-driven" and fiscally responsible. First wave: A voluntary resignation program in D.C., focusing on retirement-eligible staff by 2027. Nationwide impact: Up to 24,000 employees could be affected. Last time this happened? 1997. Powell says it’s about eliminating inefficiency—not just tightening rates, but tightening the Fed itself. Lean. Focused. Recalibrated. Let the house cleaning begin. Source: Financial Times","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/17/4eb779995d264b7b9cf4b7443b282a97.png"],"tags":[],"tradingPairs":[],"quotearticleid":0}