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Trump Administration Considers Influencing the Selection Process of Regional Federal Reserve Presidents

Trump Administration Considers Influencing the Selection Process of Regional Federal Reserve Presidents

Chaincatcher2025/08/26 20:23

ChainCatcher news, according to Golden Ten Data, the Trump administration is weighing plans to influence regional Federal Reserve Banks and strengthen the review process for selecting local Fed presidents. If Trump's decision to remove Federal Reserve Governor Cook is upheld in court, he will have the opportunity to gain a majority on the Federal Reserve Board. According to informed sources, Trump's statement has heightened concerns, and local Fed presidents have already discussed the potential impact of Cook's dismissal. The administration's goal is to review the selection process for regional presidents, rather than making the central bank more dovish.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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