It was reported today that Federal Reserve Chairwoman Janet Yellen earns over $200,000 as head of the world’s biggest central bank. Amazingly, there are at least 113 employees at the Fed’s Washington DC headquarters that earns more than she does!
MADRID (MarketWatch) — $201,700 a year doesn’t seem like chump change. That’s what the Federal Reserve Chairwoman Janet Yellen earns as head of the world’s biggest central bank.
But at least 113 other staffers at the Fed’s Washington headquarters earning more than she does, according to Reuters, which asked for details of central-bank pay under a Freedom of Information Act request.
Reuters sought information on all salaries on the central bank’s board that are above $130,810, generally the top of the government’s pay scale. The Fed responded with a list of those who make more than $225,000, with some exceptions, Reuters said.
The average of those 113 earners at the Fed is $246,506 per year, not counting bonuses and other benefits. The top earner is the Fed’s inspector general, with an annual salary of $312,000, according to Reuters. Yellen’s salary is set by Congress.
By comparison, the average salary at the Securities and Exchange Commission was $157,946 in 2013, while at the Commodities Futures Trading Commission it was $146,323, Reuters pointed out.