Democrats Slam the Door On Trump’s Fed Plans

“Tuesday’s election results handed Democrats the strongest check yet on President Trump’s bid to control the Federal Reserve, by giving them the power to block any allies he might seek to install on its board,” the Wall Street Journal reports.

“That leaves Trump with the chairman of his choosing, Kevin Warsh, but one seat short of a majority and diminished prospects of getting it. His White House has mounted the most direct challenge to the Fed’s independence in decades, including an unprecedented attempt to fire a sitting governor.”