What Will Donald Trump’s Federal Reserve Look Like?
With the opportunity to fill more than half of the board’s seats, the president could substantially alter the course of monetary policy.
There are seven seats on the Federal Reserve’s Board of Governors—the group of people who make the most consequential decisions about American monetary policy—and President Donald Trump will have the opportunity to fill an unusually large number of them. One seat opened soon after he took office, when the former comptroller of the currency, Thomas Curry, . Then Governor Daniel Tarullo . Between one more announced resignation since then and another standard term expiration, at least two more spots will have opened up by February of next year. If and when
