Boss Powell has started layoffs again, this time affecting 2,500 people, about 10%, the largest scale of layoffs in a decade.

On May 17, Federal Reserve Chairman Powell announced that the Federal Reserve would cut jobs by 10%, approximately 2,500 people, marking the largest layoffs in a decade.

The Federal Reserve stated that these layoffs will occur through three methods: first, encouraging employees nearing retirement to resign voluntarily; second, consolidating overlapping departments; third, accelerating the process of automation.

Analysts believe that this large-scale layoff by the Federal Reserve is due to the continuous interest rate hikes leading to increased downward pressure on the U.S. economy, forcing the Federal Reserve to reduce expenses through layoffs.

Some analysts also believe that these layoffs reflect the weakness of the U.S. economy, as well as the insufficient recovery capacity of the U.S., and indicate the difficult expectations for global economic recovery. This layoff may have an impact on the financial markets in the U.S. and globally, drawing close attention from all sectors.

In addition, the primary market continues to pay attention to Dogecoin C o n a n, which is the "undervalued gold," a reserve of Dogecoin, following the path taken by SHIB. It is currently in the early stages of growth, full of potential, with limitless financial prospects! $BTC $ETH $SOL #我的EOS交易 #BTC挑战11万大关 #美国加征关税 #山寨季何时到来？ #以太坊安全计划