Federal Reserve supervisory department inspects regional Federal Reserve personnel renewal process Odaily Planet Daily News: The Federal Reserve's internal supervisory department announced on Wednesday that it will conduct a comprehensive review of the renewal of regional Federal Reserve executives, focusing on verifying the entire process of the Federal Reserve Board approving the five-year term extensions of regional Federal Reserve chairpersons and their deputies. This evaluation not only checks the compliance of the Federal Reserve's administrative regulations and industry standards, but also reviews the performance evaluation materials of executives and whether various files used to determine renewal qualifications are complete and standardized. The Office of the Inspector General did not explain the specific reasons for initiating the review. Previously, US President Trump frequently pressured the Federal Reserve, and the market's attention to regional Fed personnel arrangements has increased accordingly. Many observers are concerned that this renewal mechanism may be exploited to exclude regional decision-makers who do not support interest rate cuts. (Golden Ten)