Bowman’s Fed may limp on by after staff cuts
New vice-chair seeks efficiency, but staff clear-out could hamper functions, say former regulators
The Federal Reserve Board’s new vice-chair for supervision is reshaping her division to deliver greater efficiency. Former regulators warn job cuts may do just the opposite.
An internal memo sent to Fed staff on October 29 last year – seen by Risk.net and first reported by other media outlets at the time – lays out plans to reorganise and reduce the 500-strong workforce of the division of
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