阻止“纽约派”主导货币政策！美财长提议区域联储主席“本地居住三年”新规

Core Viewpoint - The U.S. Treasury Secretary, Becerra, is advocating for a new requirement that Federal Reserve regional bank presidents must reside in their respective districts for at least three years before taking office, which may increase the White House's influence over the traditionally independent Federal Reserve [1][2]. Group 1: Proposed Changes - Becerra's proposal aims to ensure that regional Fed presidents genuinely represent local economic interests, as several current presidents do not hail from their districts [1]. - He is uncertain if Congressional involvement is necessary to amend existing regulations, as current laws allow the Fed's Washington board to veto regional president appointments [1][2]. Group 2: Current Federal Reserve Structure - The Federal Reserve consists of seven governors in Washington and 12 regional banks, with the governors and New York Fed president having fixed voting rights during interest rate decisions [2]. - Regional bank presidents are nominated by local boards composed of business and community leaders and approved by the Fed's board [2]. Group 3: Recent Developments - Becerra has publicly criticized several regional Fed presidents, particularly after they opposed further interest rate cuts in December [1][3]. - President Trump has appointed three current governors and is attempting to remove Governor Cook, which would give him a majority on the board [2]. - The potential successor to Fed Chair Powell is speculated to be Kevin Hassett, the current head of the National Economic Council [2]. Group 4: Regional Presidents' Perspectives - The three recently appointed regional Fed presidents exhibit policy stances contrary to the White House's expectations, with differing views on interest rate cuts [3]. - Becerra emphasizes that the original intent of establishing regional Feds was to incorporate diverse economic perspectives into federal interest rate decisions, countering a "New York-centric" approach [3].