Bessent to push residency requirement for regional US Fed bank presidents

Al JazeeraWednesday, December 3, 2025 at 7:42:50 PM
  • 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

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
US Department of Homeland Security launches immigration crackdown in New Orleans
NegativeWorld Affairs
The US Department of Homeland Security has initiated a significant immigration enforcement operation in New Orleans, marking an escalation in the Trump administration's strategy targeting Democratic-led cities. Local leaders have expressed concern regarding the methods employed and the potential civil rights implications of this crackdown.
Judge blocks widespread immigration arrests in DC made without warrants or probable cause
PositiveWorld Affairs
A federal judge in Washington, D.C., has issued a preliminary injunction blocking the Trump administration from conducting widespread immigration arrests without warrants or probable cause. This ruling was prompted by a lawsuit from civil liberties and immigrants' rights groups against the Department of Homeland Security.
Did the Trump administration commit a war crime in its attack on a Venezuelan boat?
NegativeWorld Affairs
On September 2, the U.S. military conducted a strike on a Venezuelan boat suspected of harboring narco-terrorists, which was followed by a second strike targeting survivors in the water. This incident has raised serious allegations of potential war crimes against the Trump administration, as reported by various lawmakers and media outlets.
‘Welcome to America!’ Captured Drug Lords Choose: Snitch or Suffer
NeutralWorld Affairs
Under pressure from the Trump administration, Mexico has extradited 55 cartel leaders in covert operations aimed at combating organized crime. This move reflects the escalating violence and threats posed by drug cartels, which have increasingly targeted U.S. interests and personnel. The captured leaders now face a choice: cooperate with authorities or face severe consequences.
Trump officials threaten to withhold Snap funds from Democratic-led states
NegativeWorld Affairs
The Trump administration has threatened to suspend Supplemental Nutrition Assistance Program (SNAP) funding to several Democratic-led states unless they comply with federal requests for recipient data, including sensitive information like immigration status and social security numbers. Agriculture Secretary Brooke Rollins indicated that funding could be blocked as early as next week if states do not cooperate.
Costco sues Trump administration to pause tariffs, refund payments
NegativeWorld Affairs
Costco has filed a federal lawsuit against the Trump administration, seeking to pause tariffs on imported goods and secure refunds for duties paid. The retailer argues that the imposition of these tariffs should be halted until the Supreme Court assesses the legality of Trump's executive orders, with a critical December 15 deadline approaching.
Pope Leo Urges the U.S. Not to Threaten Venezuela With Force
PositiveWorld Affairs
Pope Leo has urged the Trump administration to refrain from using military threats against Venezuela, advocating instead for peaceful means to instigate change in the country. This call comes amid escalating tensions between the U.S. and Venezuela, with the Trump administration considering various options, including military action, to address the situation.
Family of victim in Trump drug boat killings files first formal complaint
NegativeWorld Affairs
A family in Colombia has filed a formal complaint with the Inter-American Commission on Human Rights, alleging that Alejandro Carranza Medina was unlawfully killed in a US airstrike on September 15. This marks the first formal complaint regarding the Trump administration's airstrikes targeting suspected drug boats, which the administration claims are legally justified under a new interpretation of law.