Trump faces short timeline, major challenges in reshaping Fed

By Joseph Lawler

Published September 5, 2017 4:01am ET

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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Trump faces short timeline, major challenges in reshaping Fed

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