Federal Reserve staff at the bank's New York, San Francisco and Boston bran...
SAN FRANCISCO/NEW YORK - Federal Reserve staff at the bank’s New York, San Francisco and Boston branches are being encouraged to work from home as part of efforts to slow the spread of the coronavirus, the banks said Wednesday.
The move has not been adopted by the Federal Reserve as a whole and appears to be focused on cities with a high concentration of coronavirus cases. “The Federal Reserve Bank of New York continues to monitor developments related to the spread of COVID-19 and is prepared to conduct all of its business and market operations in any contingency,” the bank said in a statement.
“We have teleworking capabilities in place as part of our normal operations and, like many other companies, we are encouraging all employees who are able to work from home to do so,” the San Francisco Fed said in a statement to Reuters.
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