The Federal Reserve announced on Thursday that its Board of Governors unanimously voted to reappoint 11 regional Federal Reserve presidents for five-year terms, beginning March 1st of next year. The Fed stated that the reappointments were made after a comprehensive review of the regional Fed presidents by their boards of directors and with the "unanimous consent" of the Fed's Board of Governors. By law, all regional Fed presidents and their first vice presidents serve five-year terms. Their current terms expire on February 28, 2026. This move resolves a key issue surrounding the future composition of the Fed's monetary policy committee. Earlier reports indicated that Trump might attempt to appoint allies to review these reappointment decisions—one of a broader effort to increase pressure on the Fed. (Jinshi)