11 regional Federal Reserve Bank presidents re-elected for another five-year term.
The Federal Reserve Board unanimously agreed to reappoint 11 regional Federal Reserve Bank presidents for a five-year term. The Fed announced on Thursday local time that this decision was made after a comprehensive evaluation by the regional Federal Reserve Bank boards of directors and with the "unanimous agreement" of the Federal Reserve Board. According to the law, the terms of all regional Federal Reserve Bank presidents and first vice presidents are five years. The current terms will expire on February 28, 2026. This temporarily resolves the key issue surrounding the composition of the Federal Reserve's decision-making committee in the future.
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