Trump Picks Federal Reserve Insider Jerome Powell To Be Its Chairman
President Trump has named Federal Reserve Gov. Jerome Powell to head the U.S. central bank. If confirmed by the Senate he will succeed Janet Yellen, the first woman to serve in the Fed's top post.
President Trump on Thursday named Jerome Powell to be the next chair of the Federal Reserve, the first time in decades that a president hasn't reappointed a chief of the central bank for a second term.
If confirmed by the Senate, Powell, 64, will succeed Janet Yellen â the first woman to head the Fed â whose term expires in February. Powell, a current member of the Fed's board of governors, is expected to pursue policies largely in line
