Fed Reappoints 11 Reserve Bank Presidents to Five-Year Terms

The Federal Reserve Board of Governors has unanimously reappointed 11 of the central bank’s regional presidents to new five-year terms.

The reappointments follow a comprehensive review of the presidents by the boards of the regional banks and the “unanimous concurrence” of the Fed board in Washington, the central bank said Thursday. By law, all reserve bank presidents, along with their first vice presidents, serve five-year terms. The current terms expire on Feb. 28, 2026.

The reappointments resolve, for now, a key question surrounding the future makeup of the central bank’s policymaking committee.

Federal Open Market Committee (FOMC) participants gather at the William McChesney Martin Jr. Building for a two-day meeting held on March 15-16, 2022 in Washington.

Photographer: Britt Leckman/Federal Reserve

Fed watchers, and even some of ...