Explained: How Trump could influence the makeup of the Federal Reserve

Quick Summary:

Fed bank presidents are picked by the six non-banker members of their boards of directors, and must be approved by the Fed Board.

Powell's position as chair expires in May 2026, and both vice chairs' positions expire during the term of the next U.S.president.

Fed governors are appointed by the president and confirmed by the Senate for 14-year terms, or for the unexpired remainder of a 14-year term for a previous incumbent.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: BusinessFinance

Markets: India

Topics: Donald Trump Fed rate cuts Jerome Powell Federal Reserve US Presidential election Rate cuts

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 10:28:07 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 626 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23467525

View Article Analysis

About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 244 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions