The Federal Reserve has reappointed 11 regional Fed presidents, easing concerns over personnel uncertainty.

BlockBeats News, December 12th, the Federal Reserve announced on Thursday that its Board of Governors has unanimously voted to reappoint 11 Federal Reserve Bank presidents for a five-year term starting on March 1st next year. The Federal Reserve stated that the reappointments were made after a comprehensive evaluation by each Federal Reserve Bank's board of directors of their respective Bank presidents and received "unanimous consent" from the Federal Reserve Board of Governors.

By law, all Federal Reserve Bank presidents and first vice presidents serve a five-year term. The current terms are set to expire on February 28, 2026. This move addresses a key issue surrounding the future composition of the Federal Reserve's Federal Open Market Committee. Earlier reports suggested that Trump might try to appoint allies to review these reappointment decisions—part of a broader effort to increase pressure on the Federal Reserve. (FXstreet)