Trump Expected to Name Powell as Next Fed Chair
President Donald Trump is widely expected to nominate current Federal Reserve Governor Jerome Powell as the next head of the U.S. central bank
Powell, who had been widely reported over the last week to be the front-runner, will replace Janet Yellen when her term ends in Feb. 2018.
He has supported Yellen's general direction in setting monetary policy, and in recent years has shared her concerns that low inflation justified continuing with a cautious approach to raising interest rates.
02 Nov 17 (Thu)
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