113 Federal Reserve Staff Members Make $250,000 Annually

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Federal Reserve

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.

(Read the rest of the story here…)

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