“The incoming president will have opportunities to put his stamp on the central bank: two of seven Fed governorships are vacant. Ms Yellen’s term is up in 2018, as is that of her vice-chair, Stan Fischer. Daniel Tarullo, the de facto vice-chair for bank supervision and a vocal proponent of regulation, is unlikely to be confirmed in that position. If all three of these individuals were also to resign as governors, Mr Trump could pack the central bank’s board with his picks,” reports The Economist.
For Donald Trump to deliver prosperity, he has to get control of the Fed and set the right policies on interest rates and inflation control until he can renationalize the Fed altogether.