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Fed's Waller calls for overhaul of regional Fed bank operations

By Reuters April 21, 2026 Neutral
Fed's Waller calls for overhaul of regional Fed bank operations
Federal Reserve Governor Christopher Waller on Tuesday laid out ​his vision for revamping the ‌operational structure of the Federal Reserve system's 12 regional banks, calling ​for consolidation of key business ​functions like human resources, finance, ⁠procurement and technology rather than ​leaving them under the local ​direction of each bank.
Federal Reserve Governor Christopher Waller on Tuesday laid out ​his vision for revamping the ‌operational structure of the Federal Reserve system's 12 regional banks, calling ​for consolidation of key business ​functions like human resources, finance, ⁠procurement and technology rather than ​leaving them under the local ​direction of each bank.