The US Treasury Secretary plans to introduce new rules that require regional Federal Reserve presidents to live in their jurisdictions for at least three years before being appointed
2025-12-03 15:34:55
The president of the Federal Reserve needs to be in the jurisdictiondesk3cryptocurrencydesktopCrypto News
Mr. Bescent, Treasury secretary, said on Wednesday that he planned to push for a requirement that the 12 regional Fed presidents reside in their districts for at least three years before being appointed to lead them. Mr. Bescent said he would push for future appointments of candidates who did not meet that requirement, with the Fed's board of governors in Washington exercising veto power. "The Fed chairperson and the board of governors... have the final say on who gets to be on the boards of regional banks," Mr. Bescent said. "So I think... unless someone has lived in the district for three years, we will veto it."
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
美财长拟推新规：地区联储主席任命前需在辖区内居住至少三年Next article：
美国商务部长：预计美国2026年GDP增长逾4%
