The Federal Reserve reappointed 11 regional Fed presidents, easing concerns about personnel uncertainty.

Odaily Planet Daily reports that the Federal Reserve announced on Thursday that its Board of Governors has unanimously voted to reappoint 11 regional Federal Reserve presidents for five-year terms, beginning March 1st of next year. The Fed stated that the reappointments were made after a comprehensive review of the regional Fed presidents by their respective boards of directors and received the "unanimous consent" of the Federal Reserve Board of Governors.

As stipulated by law, all regional Federal Reserve presidents and their first vice chairs serve five-year terms. Their current terms will expire on February 28, 2026. This move resolves a key issue surrounding the future composition of the Federal Reserve's Monetary Policy Committee.

Previous reports indicated that Trump might attempt to appoint allies to review these reappointment decisions—one of a broader effort to increase pressure on the Federal Reserve. (Jinshi)