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

FILE PHOTO: U.S. President Donald Trump waits for the press to leave after speaking at a dinner hosted by him with business leaders at Trump National Golf Club in Bedminster, New Jersey, U.S., August 7, 2018. REUTERS/Leah Millis - Copyright LEAH MILLIS(Reuters)

By Reuters

Published on 08/08/2018 - 19:04•Updated 26/04/2024 - 14:10

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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.

(Editing by Michelle Price)

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

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