美国财长贝森特拟推动美联储改革 限定地区联储行长居住地

Core Viewpoint - The U.S. Treasury Secretary, Becerra, aims to implement a new regulation requiring candidates for Federal Reserve district bank presidents to have resided in their respective districts for at least three years [1][3][6] Group 1: Proposed Regulation - Becerra has expressed the need for a comprehensive adjustment to the Federal Reserve, criticizing its overreach and deviation from its primary mission of monetary policy [2][5] - He reiterated that currently, three Federal Reserve district bank presidents do not meet his proposed residency standard [3][6] - The new regulation may require Congressional approval or could be implemented by the Federal Reserve Chair and Board [3][6] Group 2: Current Leadership and Nomination Process - Under the current structure, district bank presidents are nominated by the bank's board (excluding financial institution employees) and approved by the Federal Reserve Board [7] - The term for district bank presidents is five years, with the current term ending in February; the current Atlanta Fed president, Raphael Bostic, has announced he will step down [7] Group 3: Concerns on Private Credit - Becerra expressed concerns that private credit may be pro-cyclical during economic downturns, noting that investors tend to panic at the bottom of the cycle [8] - He contrasted this with regulated financial institutions, where the Treasury, Federal Reserve, and other regulators can provide "window guidance" to ease lending, which could mitigate economic downturns [8] - Becerra believes the growth of private credit is symptomatic of excessive bank regulation and emphasized ongoing collaboration with regulators to create more credit within the regulated banking system [8]