Reported about 16 hours ago
Michael Gibson, the director of the U.S. Federal Reserve's supervision and regulation division, has accepted a voluntary buyout and will retire at the end of the month after 33 years at the Fed. His retirement follows a message indicating that fellow deputy directors also plan to retire later this year. Gibson reassured staff about the organization's stability during leadership changes, as the Federal Reserve seeks to reduce its workforce by about 10% in alignment with broader federal workforce reduction goals.
Source: YAHOO