Word on the street is Treasury Secretary Scott Bessent is pushing for something interesting—he wants Federal Reserve regional presidents to actually live in the districts they oversee. Not just for a few months, but a solid three years minimum.

Think about it. Right now, you could theoretically run the San Francisco Fed while living somewhere completely different. Bessent's proposal would change that dynamic entirely. The idea seems to be about accountability and local economic understanding—you can't really grasp what's happening in a region's economy if you're not experiencing it firsthand.

For those watching monetary policy (and honestly, who isn't these days?), this could shift how regional Fed presidents perceive their local economies. Housing markets, employment trends, business conditions—all those factors that feed into rate decisions might get viewed through a more grounded lens.

Whether this actually happens or just stays a proposal remains to be seen. But it's definitely one of those structural changes that could have ripple effects on how U.S. monetary policy gets shaped at the regional level.