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    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.
    by John Ydstie Nov 02, 2017 3 minutes
    Jerome Powell was nominated to the Federal Reserve Board by former President Barack Obama in 2012.

    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 — the first woman to head the Fed — whose term expires in February. Powell, a current member of the Fed's board of governors, is expected to pursue policies largely in line

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