Fed Chair Warsh pointed out that the Fed has 23,000 employees. What a waste of money and human labor. The mere fact that the Fed has so many employees is evidence enough to abolish the entire institution. When the Fed began operations on Nov. 2, 1914, it had just 40 employees.

@peterschiff·Jul 14, 2026·2 sources·negative

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Fed Chair Warsh criticizes the Federal Reserve's 23,000 employees as wasteful and argues for abolishing the institution.

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Fed Chair Warsh pointed out that the Fed has 23,000 employees. What a waste of money and human labor. The mere fact that the Fed has so many employees is evidence enough to abolish the entire institution. When the Fed began operations on Nov. 2, 1914, it had just 40 employees.

Fed Chair Warsh pointed out that the Fed has 23,000 employees. What a waste of money and human labor. The mere fact that the Fed has so many employees is evidence enough to abolish the entire institution. When the Fed began operations on Nov. 2, 1914, it had just 40 employees.