Peter Conti-Brown of the Wharton School said every appointment to the Federal Reserve is significant. “Each governor and each reserve bank president gets, with the appointment, a bully pulpit,” he said. “And what that governor or president does with that pulpit can matter significantly.”
https://www.marketplace.org/2020/07/28/shelton-waller-federal-reserve-board-of-governors-nominees-senate-republicans/ Marketplace (NPR)