Story perspectives

Federal Reserve Cuts Staff Amid Regulatory Oversight Concerns

10/31/2025

Summary

Story summary

The U.S. Federal Reserve will reorganize its supervision and regulation division and cut staff by about 30%, from 500 to 350.
Bowman said reductions will occur through attrition, retirements, and voluntary separation incentives.
The cuts align with the Federal Reserve’s 10% workforce reduction following directives from U.S. President Donald Trump.
Senator Elizabeth Warren criticized the plan as echoing pre-2008 practices and potentially undermining regulatory oversight.

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Story summary

The U.S. Federal Reserve will reorganize its supervision and regulation division and cut staff by about 30%, from 500 to 350.
Bowman said reductions will occur through attrition, retirements, and voluntary separation incentives.
The cuts align with the Federal Reserve’s 10% workforce reduction following directives from U.S. President Donald Trump.
Senator Elizabeth Warren criticized the plan as echoing pre-2008 practices and potentially undermining regulatory oversight.