Trump’s plan to pack the Fed with loyalists
Trump’s plan to pack the Fed with loyalists
- August 31, 2025
- Gary Richardson, economics, The New York Times, The Boston Globe, Aug. 31, 2025
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“We’ll have a majority very shortly,” Mr. Trump said at his latest marathon cabinet meeting about the Fed’s powerful seven-person Board of Governors. … “With four on the board, the president and his administration can have a big influence,” said Gary Richardson, a professor of economics at the University of California, Irvine. “It gives them ways to push.”
For the full story, please visit https://www.nytimes.com/2025/08/31/business/how-trump-could-overhaul-the-fed.html.
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