Donald Trump May Be About to Pick the Least Important Fed Chair in Decades

Working at the Federal Reserve is a terrible way to make headlines. The chair — in this case, Jerome Powell, whose term expires in May — is considered newsworthy, but the other 11 members of the voting committee fade into the background. Lately, however, they have been getting restive. When the Fed decided last week to cut rates, the vote came with three dissents, the most since 2019.