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