Trump faces a variety of choices as he seeks to fill Fed vacancies

Key Points

With the open seat on the influential Federal Reserve Board of Governors, President Donald Trump now has a number of strategic options at the central bank.
Will Trump use the position to nominate a gadfly to torment Chair Jerome Powell or pursue a different strategy focused more on the long-term direction of the Fed?
While Trump could be tempted to go the shadow-chair route — Treasury Secretary Scott Bessent in the past has advocated for that course — it might be an unappetizing choice for the nominee.

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Finance

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