The Trump administration is considering influencing the selection process for local Federal Reserve chairpersons

ChainCatcher news, according to Jinshi reports, the Trump administration is weighing options that affect regional Federal Reserve Banks and is intensifying scrutiny over the selection process for local Fed presidents. If Trump's decision to dismiss Fed Governor Cook is upheld in court, he will have the opportunity to gain a majority on the Federal Reserve Board. Sources say that Trump's statement has heightened concerns, and regional Fed presidents have discussed the potential impact of Cook's dismissal. The government's goal is to review the selection process for regional presidents, rather than making the central bank more dovish.