Federal Reserve Bank of New York – a slowly sinking ship, also stuck in the past | Comparably

Federal Reserve Bank of New York – a slowly sinking ship, also stuck in the past

At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and providing thought leadership on issues that impact the nation and communities we serve. read more
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a slowly sinking ship, also stuck in the past

What is most positive about the culture and environment at your company?

20% of the people do 80% of the work

What's going wrong and how can it be improved?

Very poor exec mgmt, unable or unwilling to change

What do your coworkers need to improve and how could you work together better?

Individual teams can be great, despite very poor exec "leadership"

What is the best part about your compensation package?

lagging market rates, cost of living adjustments marketed internally as "merit"

What does the leadership team need to get better at?

One self-inflicted wound after another ever since Williams took over... he's a fine economist but has no business running an important organization, let along the NY Fed... the downward trajectory continues.

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