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Federal Reserve unanimously approves reappointment of regional bank presidents

The unanimous early reappointments followed comprehensive reviews and aimed to preserve the Fed's independence amid political pressures, securing leadership through 2031.

  • The Federal Reserve unanimously approved the reappointment of 11 of its 12 regional bank presidents.
  • The only exception was the Atlanta Fed, where the current president, Raphael Bostic, is stepping down in February.
  • Treasury Secretary Scott Bessent proposed that regional bank presidents should live in their districts for at least three years before being appointed.
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The Federal Reserve (Fed) reelected 11 of the 12 presidents of the regional banks in which it is subdivided, which closed the door to the possible interference of Donald Trump in its internal functioning.The heads of the branches that the Fed has throughout the U.S. geography have seen their mandates renewed for five more years and unanimously.They expired on February 28, 2026.The Federal Open Market Committee (FOMC), the governing body of the F…

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The Washington Post broke the news in on Thursday, December 11, 2025.
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