US Treasury Secretary Proposes Regional Fed President Appointment New Rule: Must Reside in the District for at Least Three Years

BlockBeats News, December 3rd, U.S. Treasury Secretary Yellen stated that she plans to push for a new requirement that the 12 regional Fed presidents should reside in their respective districts for at least three years before being appointed. However, the final decision will still be made by the Fed Chair and Board. (FXStreet)