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Federal Reserve Reappoints 11 Regional Bank Presidents to Five-Year Terms Starting March 2025

The Federal Reserve Board of Governors unanimously voted on Dec. 12 to reappoint 11 regional Federal Reserve Bank presidents to new five-year terms beginning March 1, 2025, following comprehensive evaluations by the banks' boards of directors. The reappointments align with statutory five-year terms for all regional Fed presidents and first vice presidents, with current terms ending Feb. 28, 2026. The decision clarifies the future composition of the Fed's monetary policy committee after earlier reports suggested potential pressure from the incoming administration to influence these renewal decisions, BlockBeats and Jin10 reported.
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