A post by @NickTimiraos on X.

Democrats’ Senate win could deliver the strongest check yet on Trump’s push to reshape the Federal Reserve, according to Nick Timiraos. Trump installed Kevin Warsh as Fed chairman this spring, but most board members were appointed by other presidents, leaving no vacancies and requiring any future nominee to win confirmation from a Democratic Senate. That dynamic raises doubts about whether a Fed pick can satisfy both Democrats’ independence concerns and Trump—no Democrat backed Stephen Miran’s confirmation or Miki Bowman’s promotion to vice chair for bank supervision last year, and Warsh won only one Democratic vote, from Fetterman. The key question is whether any future vacancy produces a nominee acceptable to both sides, shaping the board’s composition and its independence from the White House.