The Federal Reserve chair is one of 12 voters on the rate-setting committee. To what extent can the chair call the shots?

President Trump certainly thinks so. He’s pounding the table for immediate rate cuts, and two of the central bank’s five governors agree. In a rare public break, they said it would make sense to start reducing rates as soon as their next meeting in July,

Should Fed governors Waller and Bowman both lodge dissenting votes against a committee decision to hold rates steady next month, the tally would show an unusual level of discord.