News list for "The president of the Federal Reserve needs to be in the jurisdiction"

Mr. Bescent, the US Treasury secretary, said on Wednesday he planned to push for a requirement that the 12 regional Fed presidents reside in their jurisdictions 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 is chosen to the boards o...

2025-12-03 15:34:55