Bessent says White House may veto Federal Reserve presidents Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve’s regional bank presidents live in their districts for at least three years before taking
Bessent says White House may veto Federal Reserve presidents WASHINGTON (AP) — Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve's regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency
Treasury Secretary Bessent Calls for Entire Review of Fed Treasury Secretary Scott Bessent called for renewed scrutiny of the Federal Reserve as the Trump administration intensifies its efforts to exert control over the central bank
Bessent says White House may veto Federal Reserve presidents Treasury Secretary Scott Bessent plans to mandate that Federal Reserve regional bank presidents reside in their districts for three years prior to assuming office This move aims to increase White House influence over the independent agency Bessent believes this will ensure regional perspectives are represented in interest rate decisions, countering a perceived New York dominance
Bessent says Federal Reserve Board could veto future regional presidents WASHINGTON, Dec 4, (AP): US Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve's regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the
Bessent says Federal Reserve Board could veto future regional presidents WASHINGTON (AP) — Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve's regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency In comments at the New York Times' DealBook Summit, Bessent criticized several presidents of