Economy

Trump faces short timeline, major challenges in reshaping Fed

By Joseph Lawler
Published September 5, 2017 4:01am ET
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Trump faces short timeline, major challenges in reshaping Fed
Fed Chairwoman Janet Yellen, whose term ends in February, is not the only official who Trump must replace. He also will likely have to appoint a new vice chairman and three other governors at the seven-member Board of Governors. He has nominated one candidate, Randal Quarles, for the post of vice chairman of supervision. (AP Photo/Pablo Martinez Monsivais, File) | Pablo Martinez Monsivais

At this time four years ago, Democrats were immersed in an intra-party fight over former President Barack Obama’s choice to replace Ben Bernanke as chairman of the Federal Reserve.

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Donald Trump Federal Reserve Finance Gary Cohn Janet Yellen Joseph Lawler Monetary Policy Nominations