Trump can't pack the Fed board with allies now
GlobeAlert Desk · curated from Axios · North America
A recurring subplot of President Trump's term has been a desire to replace Biden appointees to the powerful Federal Reserve Board of Governors — even ahead of their terms ending — with allies. That effort now looks dead in the water.Why it matters: Even if Trump succeeds in his efforts to fire governor Lisa Cook, or to oust any of the other three Biden-era holdovers on the seven-member board, a Democratic Senate will likely block any replacements it views as insufficiently independent from the administration.State of play: The president seeks to fire Cook — whose term runs through 2038 — for a
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