But their terms and therefore their seatd are secure no matter who is the next chair. See my podcast interview with former Fed Board head of Division of Monetary Affairs Vincent Reinhart.
He points out that no matter what the next Chair wants to do there are six other Fed governors and 12 Fed Bank presidents who choose whether or not to support that chair.
They have set terms and no one, no rule or regulation that forces them to go along with chair's decisionz.
But their terms and therefore their seatd are secure no matter who is the next chair. See my podcast interview with former Fed Board head of Division of Monetary Affairs Vincent Reinhart.
He points out that no matter what the next Chair wants to do there are six other Fed governors and 12 Fed Bank presidents who choose whether or not to support that chair.
They have set terms and no one, no rule or regulation that forces them to go along with chair's decisionz.
Seems like the mutiny within the FOMC membership has begun as they attempt to secure their seats for when the new Chair is appointed.
Betrayal can be an infestation and it's brazenly gestating at the top of this administration.