President Donald Trump is weighing a plan to expand the White House’s sway inside the Federal Reserve by targeting how its 12 regional bank presidents are picked and reappointed, according to a report.
The move, first reported by Bloomberg News , could allow the administration to influence who sits on the Fed’s powerful policy-setting committee, a step critics warn would threaten the central bank’s independence.
Trump’s team is reviewing several options, including scrutinizing how regional presidents are vetted since they are not Senate-confirmed, Bloomberg News reported. 4
The White House is also considering a move aimed at using a rare five-year review scheduled for February to reshape the roster that officials see as too hawkish, according to the report.
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