Fed votes to reappoint all of its regional bank presidents

## Fed Reappoints Regional Bank Presidents, Avoiding Drama

The Federal Reserve has reappointed 11 of its 12 regional bank presidents, a move that came earlier than expected and avoids potential upheaval. Here’s a quick rundown:

• Unanimous Decision: The Fed’s board of governors unanimously approved the reappointments.
• Five-Year Terms: The new terms will begin March 1, 2026.
• Atlanta Exception: The Atlanta Fed president, Raphael Bostic, is retiring in February and was not included.
• Early Announcement: The announcement came earlier than usual, typically closer to the term expiration date.
• Political Context: There was speculation about potential interference from former President Trump, a Fed critic.
• Trump Appointee Vote: The unanimous vote included a recent Trump appointee.
• New York Influence: Treasury Secretary Scott Bessent raised concerns about the influence of New York-based presidents serving in other districts and proposed residency requirements.

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