President Trump Has a Chance to Truly Shape the Federal Reserve

It's hard to think of an opportunity quite like that shaping up for President Trump in respect of the Federal Reserve. The announcement Friday by Daniel Tarullo of his intent to resign from the central bank's board means that Mr. Trump will have three immediate openings among the seven governors to guide the Fed. A year hence, when Janet Yellen's term as chairman ends, he will be able to name a new chief. Imagine if Mr. Trump were Tom Brady facing a defense without the middle linebacker, two tackles, and one of the ends. Opportunity knocks.