Well, the other thing I'll tell you that I find very interesting is, you know, these regional presidents were supposed to be people from the district and it was supposed to break the New York hold on the Reserve Banks. And we've got At least three, maybe four of the reserve banks [have presidents] hired from outside the district. They don't, they don't even live in their district. They commute back to New York. So these are New Yorkers. They are going out into the country and then coming back on weekends. (08:06–08:11)
CLAIM
Asserts that several Federal Reserve Bank presidents are not from their respective districts.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
