Changes coming to the Fed in a Trump presidency
By Kyle Campbell
Donald Trump’s return to power all but guarantees that changes are coming to the Federal Reserve Board of Governors, but the range of potential shake-ups varies widely. At a minimum, Trump will have the opportunity to appoint two governors to the board during the coming four years and determine the leadership of the body….Karen Petrou, managing partner of Federal Financial Analytics, said whether or not the Trump administration seeks to remove Barr or his title will depend on who runs the incoming president’s transition and what they prioritize. Because of the legal uncertainties around removability, she expects such an undertaking would be, at most, a low priority. “The external environment, whether it’s any kind of financial market stress, geopolitical risk, civil disobedience, or Trump trying to do all the things he cares about doing personally and surrounding himself with the uninhibited people willing to do it, that’s the agenda,” Petrou said. “Not Michael Barr.”…
https://www.americanbanker.com/news/changes-coming-to-the-fed-in-a-trump-presidency