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White House Influence

All articles tagged with #white house influence

Bessent Advocates for Residency Rules and Presidential Veto Power in Federal Reserve Leadership
business3 months ago

Bessent Advocates for Residency Rules and Presidential Veto Power in Federal Reserve Leadership

Treasury Secretary Scott Bessent proposed a new rule requiring regional Fed bank presidents to have lived in their districts for at least three years, potentially allowing the White House to veto their appointments, as part of efforts to increase political influence over the traditionally independent Federal Reserve.