Yellen Pushes Three-Year Residency Rule for Regional Fed Presidents; Final Appointments Remain with Fed Chair and Board

COINOTAG reports that Treasury Secretary Janet Yellen proposed adding a residency criterion for the 12 regional Fed presidents, requiring three years of district-based residency prior to appointment. The policy initiative would augment governance standards in the central banking system, though the ultimate appointment authority remains with the Fed Chair and Board.

Market watchers caution that governance reforms in the Federal Reserve could influence policy framing and regional risk assessments, with potential implications for macro liquidity dynamics relevant to crypto markets.

As the plan advances, investors should monitor official statements and board commentary for clarity on timing and implementation; the development underscores ongoing governance modernization within the U.S. central banking framework.