WASHINGTON (AP) — The Federal Reserve’s governing board unanimously approved the reappointment of nearly all of the Fed’s 12 regional bank presidents, a group that has come under scrutiny by the Trump administration.

The Fed’s board approved the reappointment of 11 of the presidents, with the only exception being the Atlanta Fed, where current president Raphael Bostic is stepping down at the end of the February and a new president hasn’t been named.

The regional bank presidents all serve five-year terms that end in years ending in 1 and 6. They are routinely approved by the Fed’s governing board. The approval has taken on a higher profile as President Donald Trump has sought to exert greater control over the central bank, which has traditionally been seen as independent of day-to-day pol

See Full Page