In 2017 (latest available report), the Fed had 19,161 employees, including 1,630 "other officers" (not the President), making, on average, salaries (ex-benefits) of $233,099. The rest averaged over $100k. https://www.federalreserve.gov/publications/2017-ar-statistical-tables.htm

If you add up "Salaries and other personnel expenses" and "Retirement and other benefits" (Table 10), you get $3.147 billion, which averages out to about $164k per employee. The median US wage in 2017 was $31,561.49. https://www.ssa.gov/oact/cola/central.html

So I'm reading one of the thousands of papers these cultists write (they have to justify those $100k-$200k salaries). They take for granted that econ profs price-fixing rates leads to growth (see: Japan). Also you can see why they all hate cash. https://www.frbsf.org/economic-research/publications/economic-letter/2019/may/risk-of-returning-to-zero-lower-bound/

Does the Fed really need 1630 "other officers"?

In 2017, the Chicago Fed, led by notorious moron Charles Evans, had ONE-HUNDRED and TWENTY-EIGHT (or, according to their models, 128.01037) "other officers," AVERAGING $232k a year (EX-benefits & cost of living-adjusted).

No wonder the don't worry about inflation.

Is this what you mean? Scary. Their thinking is screwed up. https://twitter.com/RudyHavenstein/status/1097206932476067845

I'm trying to identify the enemy and rally the masses, at least 4 or 5 of us anyway :)

I don't know why everyone didn't just buy $AMZN 10 years ago.