According to CNBC: After these two are put on the Fed’s board, the president will then nominate two more to follow them. In essence, it is possible that six of the seven Board members will be put in place by Trump. The Federal Open Market Committee has 12 members and sets the nation’s monetary policy. Seven of the 12 are the members of the Board of Governors. Five additional are Federal Reserve district bank presidents. Other than the head of the Fed bank in New York, who was nominated by the president, the other four can only take their positions as district bank presidents if the board in Washington agrees to their hiring.
President Donald Trump has made moves to gain full control of the Rothschild owned Federal Reserve in order to remove the crippling regulations holding the country back for so many years. The Federal Reserve has been a ball on a chain on the American public, creating debt and stringent regulation on the nation. Trump claims the Federal Reserve’s rising interest rates and slowing the growth within the money supply is hindering the growth of the American economy.
