Trump administration cuts dozens of staff at financial markets watchdog -source

Economy Aug 08, 2018 17:40

© Reuters. FILE PHOTO: U.S. President Donald Trump speaks at a dinner with business leaders at Trump National Golf Club in Bedminster, NJ, U.S. By Pete Schroeder WASHINGTON (Reuters) - The Trump administration moved on Wednesday to drastically shrink a government agency tasked with identifying looming financial risks, notifying around 40 staff members they would be laid off, according to a person familiar with the changes. The employees at the Office of Financial Research (OFR) were told on Wednesday they will lose their jobs as part of a broader reorganisation of the agency previously announced by the Trump administration which has pledged to slash financial regulation.

Trump administration cuts dozens of staff at financial markets watchdog -source

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