Marcus & Millichap

Federal Reserve Spotlight

February 2017

Special Research Report

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President Trump to Reshape Central Bank on Heels
Of Gov. Tarullo’s Resignation from Federal Reserve Board

Gov. Daniel Tarullo recently announced his resignation from the Board of Governors of the Federal Reserve, effective in early April. With two positions already vacant, President Trump now has the opportunity to fill three of the board’s seven seats, making his mark on the central bank. Additionally, the president will have the chance to shake up Fed leadership next year when Janet  Yellen’s tenure as chair expires in February 2018. The president can then either reappoint her or nominate a new head of the Federal Reserve.

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