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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The pandemic is over. Before the pandemic people were going to the office 5 days without complaining. It worked. We will slowly go back to it. [/quote]

In theory this is correct. Reality is different. Many staff are leaving or will leave because of the new policy.  Despite what the decision makers think, we are still in an environment of very low unemployment. Qualified staff can get remote jobs or are leaving for jobs closer to home.  It also limits the ability to hire since it means the FRB can only hire candidates in DC. With housing prices and higher rates many people aren’t interested in relocating for a job. A lot of jobs at the FRB require very specialized experience and it is unfortunate to not be able to hire the best person for a job because of a RTO policy.

Attrition is the highest it’s ever been and many retirements will take place during the next few years. If I didn’t know better I would assume the FRB wants to reduce headcount by 50% from 2019 numbers.

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Post-pandemic DC housing is no more expensive than better areas of many secondary and tertiary metros. [/quote]

This is just false. Even if prices are the same (which they aren’t), the housing stock in dc is far worse. If you want a reasonable commute and low crime in the dc area, you basically have to spend $1 million for a shack that hasn’t been updated since the 1950s. [/quote]

Ugh, no. You seem entitled. Sure, if you want to live in DC or the innermost suburbs of MD and VA. But there are lots of places that are connected via Metro where $1 million will buy you much more than a 1950’s shack. And, btw, not everyone at the RBs have such a short commute. [/quote]

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