Fed Reappoints Regional Bank Presidents, Despite Trump's Proposals

The Federal Reserve Board has reappointed all twelve regional Fed bank presidents, despite the Trump administrations suggestions for significant changes. These presidents, who hold considerable sway over interest rates, were reappointed just days after Treasury Secretary Scott Bessent proposed a new rule requiring regional Fed presidents to live in their districts for at least three years before being appointed. The Feds swift action appears to be a response to the administrations proposals, ensuring continuity in leadership.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.