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Fed Faces Overhaul as Washington Braces for Trump-Led Shakeup

  • Two top spots open when Yellen, Fischer terms expire in 2018
  • Republican Congress may take aim at Fed independence
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Election Clouds Fed's Path to Rate Hike

The leadership, powers and policies of the Federal Reserve may look very different in 18 months.

President-elect Donald Trump can’t remove Fed Chair Janet Yellen from office before her four-year term expires. By mid-2018, however, Trump can replace the Fed’s top personnel and potentially alter monetary and regulatory policies. Some members of the Republican-controlled Congress may also take aim at the Fed’s independence from political influence.