Fed Board Votes Unanimously to Reappoint Reserve Bank Presidents

The Federal Reserve’s board of governors voted unanimously to reappoint 11 reserve bank presidents to new five-year terms beginning March 1, 2026, the central bank said on Thursday.

The presidents of the Fed’s 12 quasi-private reserve banks are chosen by the individual banks’ boards of directors, whose members are typically business or nonprofit executives, but those selections must be approved by the Washington-based governors. All 12 presidents are up for reappointment at the same time every five years.