PoliticsPhoto: HT WorldDemocratic Win Limits Trump's Influence Over Federal Reserve
The recent election results have given Democrats the power to block President Trump's nominees to the Federal Reserve board, limiting his ability to control the central bank. Although Trump retains Kevin Warsh as chairman, he lacks a majority on the seven-member board. This Democratic Senate majority acts as a strong institutional check on Trump's unprecedented challenges to Fed independence, including attempts to fire sitting governors and reshape the Fed's relationship with the White House.
HT World·



