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Trump faces a variety of choices as he seeks to fill Fed vacancies
Federal Reserve Governor Adriana Kugler’s surprise resignation last week brought back a scenario that seemed to be fading but could have important ramifications for how the central bank conducts policy. With the open seat on the influential central bank board, President Donald Trump now has a number of strategic options, including one where he could appoint a so-called shadow chair whose job would be largely to serve as an instigator until a successor to current Chair Jerome Powell could be named. This in turn raises the tantalizing possibility that an institution historically known for collegiality and an ... (full story)
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