Fed 2025 Budget Reveals Over 24,000 Employees; Critics Call It 'Lousy Start' for New Chair
The Federal Reserve's 2025 budget shows full-time equivalent employees totaling more than 3,000 in Washington, D.C., and over 21,000 nationwide, mostly professional staff. The news is framed as a poor beginning for the incoming Fed chairman.
The Federal Reserve's proposed 2025 budget has drawn criticism, highlighting a workforce of more than 24,000 full-time equivalent employees. According to the document, over 3,000 staff are based in Washington, D.C., while more than 21,000 are deployed across the country.
The vast majority of these positions are professional roles, including economists, analysts, examiners, lawyers, and IT specialists. The post describes this as a "lousy start for the new Fed chairman," suggesting that the scale of the central bank's personnel is a negative indicator for the incoming leadership.
No specific policy changes or financial figures beyond headcount were provided in the source.
Source: FXStreet Forex News