- Federal Reserve governors typically step down before their 14-year terms expire, but they may stay on until a president from their political party is in the White House, according to Ian Katz at Capital Alpha Partners. Meanwhile, unanimous votes on Fed rates could become less common, with split decisions becoming more of the norm.
As President Donald Trump ramps up pressure on the Federal Reserve, the typically staid, consensus-driven institution could take on some qualities of the more bitterly divided Supreme Court.
