Fed braces for Trump administration shake-up

From the article:

Outside of legislative action, who Trump appoints to the Fed will play a significant role in how the institution operates going forward. In particular, there is great focus on the vice chair of supervision, a position created specifically to monitor the Fed’s expanded powers as a financial regulator.

That position was created as part of the Dodd-Frank financial reform law as a focal point for new regulatory powers, but President Obama never nominated someone to fill it. That allows Trump to make a significant mark on how the Fed operates as a regulator with just one selection.

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