[Federal Reserve Board May See Trump-Leaning or Tie Scenario] The Federal Reserve Board has a full capacity of seven members, currently including Powell, two Biden-appointed governors Jefferson and Barr, and two Trump-appointed governors Waller and Bowman. If Trump nominee Stephen Miller is swiftly approved, he could join in time for the September meeting, increasing Trump supporters to three. If the courts rule that Trump can dismiss Cook and quickly appoint a successor, Trump supporters could reach four, gaining the majority. Cook's absence could potentially result in a tie within the board.