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Indeed, even if Romney served two terms as president, the Fed would lean to the left, because Obama has either appointed or re-appointed five of its Board of Governors’ seven members: Bernanke, who was re-appointed in 2009;Vice Chair Janet Yellen, the second most powerful board member, whose term ends in 2024;Daniel Tartullo, who will step down in 2022;Sarah Bloom Raskin, who will serve until January 2016; and Elizabeth Duke, whose term ended in January of this year, and whom Obama will likely nominate for a new 14-year term.
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