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Live Updates  >  Live Update Details

2025-10-31 16:36:05

[The Federal Reserve plans to significantly reduce its bank supervision staff] ⑴ An internal Federal Reserve memo indicates plans to cut the size of its bank supervision department by 30% by the end of 2026. ⑵ After the layoffs, the department will retain only about 350 employees. ⑶ This size is far below the previously approved 500-person staff.

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