Based on Trump’s early picks, it appears the administration is reversing the Fed’s longtime shift toward governors who are academic economists and away from bankers and businessmen, said Gary Richardson, a Fed historian at the University of California at Irvine.

For the full story, please visit https://www.washingtonpost.com/news/wonk/wp/2017/12/12/trump-has-unprecedented-power-to-remake-the-worlds-most-powerful-economic-body/?utm_term=.11176d10fdeb.

 

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