In the OBBB, Senate Banking Committee Chair Tim Scott is proposing to amend the Federal Reserve Act to specify how much the Fed can pay employees who don't work on monetary policy
It would cut pay for Fed staffers so as not to exceed 0.7x the pay scale used at the FDIC.

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Source: https://banking.senate.gov/imo/media/doc/obbb_-_banking_textpdf.pdf…