As a choice to lead the Federal Reserve, Jerome Powell defies any recent mold. He isn’t a trained economist. He’s produced no trail of research. He built a fortune as an investment manager. Yet by the reckoning of Fed analysts — those who know him and those who don’t — Powell is equipped to lead […]
Trump announces new Fed chairman
President Donald Trump has selected Federal Reserve board member Jerome Powell as the next chairman of the nation’s central bank, succeeding Janet Yellen, two senior administration officials said Thursday. Trump plans to make the announcement later in the day at a White House ceremony, said the officials, who spoke on condition of anonymity to discuss […]