[cityhantam]

The Federal Reserve is tightening its belt and cutting about 300 people from its roster — a combination of layoffs, retirements and attrition, a Fed spokesperson said. This is the first round of layoffs at the central bank since 2010, with the information technology and payment processing departments seeing the bulk of the cuts. 

Although Fed Chairman Jerome Powell said earlier this week that the U.S. economy is “stronger than just about anybody expected,” the Federal Reserve has lost more than $100 billion in recent months as a result of paying more in interest than it earns.

https://www.linkedin.com/news/story/fed-...s-6444786/

No money to pay salary?