Waller proposes consolidating regional Fed operations
HR, finance and procurement should be done by Washington instead of locally, governor says
Many of the US central bank’s operational functions can be carried out centrally at the Federal Reserve System level rather than at the regional level, a member of the Fed’s board of governors has said.
In a speech at the Brookings Institution in Washington on April 21, Christopher Waller argued that the Fed needed to modernise its operations and reconsider what functions should be carried out regionally or centrally.
The Fed consists of a board of governors located in Washington and 12 regional
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Organisation
BdF ‘not involved’ with French government’s move to Linux
Initiative aims to ‘reduce dependence’ on IT systems from outside Europe
Bundesbank gives up on renovating old headquarters
Bank to buy new HQ as renovation and maintenance would have cost too much
Riksbank’s Seim: helping foreign central banks has ‘major’ impact
Deputy governor says institution is working with its Palestinian and Ukrainian counterparts
Czech National Bank restructures monetary department
Bank abolishes external economic relations division, launches ‘international organisations unit’
Austrian authorities to co-operate on cyber security
Central bank signs accord with ministry and financial regulator to strengthen collaboration
Netherlands Bank aims to cut costs by 10% with spending freeze
DNB 2030 programme will involve job losses, spokesperson says
New Zealand central bank proposes cutting fifth of staff
RBNZ’s plan follows government’s announcement of 25% reduction in funding earlier this year
Will Fed’s HQ cost overruns be enough for Trump to fire Powell?
Chair’s defenders say administration wants to use renovations bill as pretext for his removal