WASHINGTON -- Treasury Secretary Scott Bessent said Wednesday he would push a new requirement that the Federal Reserve's regional bank presidents live in their districts for at least three years before taking office, a move that could give the White House more power over the independent agency.

In comments at the New York Times' DealBook Summit, Bessent criticized several presidents of the Fed's regional banks, saying they were not from the districts they now represent, "a disconnect from the original framing" of the Fed.

Bessent said three of the 12 regional presidents have ties to New York: Two previously worked at the New York Federal Reserve, while a third worked at a New York investment bank.

"So, do they represent their district?" he asked. "I am going to start advocating, going f

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