Bessent to push residency requirement for regional US Fed bank presidents
NegativeWorld Affairs
- Bessent is advocating for a residency requirement for regional US Federal Reserve bank presidents, a move seen as part of the Trump administration's broader strategy to exert more control over the US Federal Reserve.
- This development raises concerns about the independence of the Federal Reserve, as it may influence the selection of bank presidents and potentially align monetary policy more closely with the administration's objectives.
— via World Pulse Now AI Editorial System




