Scott Bessent Proposes Residency Rule for Federal Reserve Bank Presidents

The statement is assessed as highly likely to be true based on strong and consistent evidence from multiple credible sources. The most authoritative sources, including a primary news report from Reuters, a major financial news portal (Yahoo Finance), and an analysis by a recognized academic expert on the Federal Reserve (Peter Conti-Brown), all directly and explicitly state that Scott Bessent has proposed or plans to push for a residency requirement for regional Federal Reserve bank presidents. This core claim is further corroborated by several other news outlets and industry publications. There is no contradictory evidence among the provided sources. The sources with the highest authority that do not mention the proposal (the U.S. Treasury and House Financial Services Committee websites) are also the least relevant, as their provided summaries do not cover this specific topic. The overwhelming consistency across numerous, independent, and credible sources provides high confidence in the statement's accuracy.