Just in case you need another reason to dislike the thieving Federal Reserve. From Reuters:
(Reuters) – The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate.
Don’t worry Janet, once you leave, you can earn $250k per speech like your hero Banana Ben Bernanke.
The details on Fed pay were provided to Reuters in response to a Freedom of Information Act request for data on all employees of the U.S. central bank’s board whose salaries outstrip $130,810, which is the top of the government’s pay scale in most areas.
Republicans in the U.S. House of Representatives have sponsored a bill that would require the Fed to divulge that information publicly.
“It certainly bolsters the case for more oversight,” said Maggie Seidel, a spokeswoman for New Jersey Republican Scott Garrett, a co-sponsor of the bill.
As of July 31, the Fed’s inspector general led the list with an annual salary of $312,000, followed by the central bank’s four division directors, its general counsel and its chief operating officer, who each earn a base of $265,000.
Not a bad gig. All you have to do is be complicit in the destruction of the American middle class.
In Liberty,
Michael Krieger
How many of these 113 Federal Reserve staff members are Hebrew and have citizenship in both the US and a small country located in the southeast Mediterranean?
If the average is just under $250k, then the title of this post is incorrect. There are not 113 workers making $250,000.
With that type of logic, Bill Gates and I are both billionaires because the average of our net worths is over a billion.
Not defending the Fed salaries, but we should at least try to be truthful here. We can’t hope to out propagandize TPTB. We need to stick to facts and truths and not fall back to their tricks of misleading.
How loose with the truth is the Fed and the USA gov. It’s close enough
I hate the Fed as much as the rest of you, and I find them making this much scratch almost obscene given the damage these retards are doing, but this is kind of misleading:
“The top 113 earners among staff at the Federal Reserve’s Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits – more than Fed Chair Janet Yellen and nearly double the normal top government rate.”
“The details on Fed pay were provided to Reuters in response to a Freedom of Information Act request for data on all employees of the U.S. central bank’s board whose salaries outstrip $130,810, which is the top of the government’s pay scale in most areas.”
It’s misleading because The Fed is a private bank with private shareholders. It’s NOT part of the US government. Which means whatever the “nominal top government rate” is means diddly… The Fed can pay it’s employees whatever they wish and the government can’t say squat…. nor can anyone else.
Still, it’s nice to know the people destroying the country are so well paid…. good work, if you can get it.
Top 1% of salaries = around $388k. so these folks are making probably in the top 3% approximately.
The Fed has over 20k employees total – not sure where they all work, but a lot would be in Washington. But if there are 10k employees in Washington, then these 113 represent the top 1% of those. So they make substantially less than the top 1% do nationally.
Bullshit numbers.
I work 60 hours plus a week to make a little over 1/3 that amount and consider myself fortunate.