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2025-12-12 13:07:57
[Federal Reserve Announces Key Personnel Decision: All 11 Regional Fed Presidents Unanimously Reappointed] The Federal Reserve Board of Governors announced on Thursday (December 12) that it has unanimously approved the reappointment of all 11 regional Federal Reserve Bank presidents for five-year terms. In a statement, the Fed said the decision was made after a comprehensive evaluation of their respective presidents by the regional Fed banks' boards of directors, and was unanimously approved by the Federal Reserve Board of Governors in Washington, D.C. Under U.S. law, the term of office for all regional Fed presidents and first vice presidents is five years. The current terms of these Fed presidents will expire on February 28, 2026. This reappointment temporarily resolves a key uncertainty surrounding the future composition of the Fed's decision-making body, ensuring the stability of the core members of the Federal Open Market Committee (FOMC), the Fed's highest decision-making body, for the next few years.
