Published 1 year ago • loading... • Updated 1 year ago
Biden-era appointees could stymie Trump's effort to reshape Fed
Summary
President Donald Trump's coming nomination of a new member of the Federal Reserve's Board of Governors will focus attention on the plans of three others appointed by his predecessor, as well as Fed Chair Jerome Powell himself, who combined could offer a powerful counterweight against any efforts to overhaul monetary policy or the central bank's operations.
The upcoming nomination by the President of the United States (EU), Donald Trump, of a new member of the Board of Governors of the Federal Reserve (Fed), will focus on the plans of three others appointed by his predecessor, Joe Biden, as well as Fed President Jerome Powell himself, who combined could offer a powerful counterweight against any effort to review the monetary policy or operations of the US Central Bank.