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  • The Atlantic

    Who Is Jerome Powell, Trump’s Pick for Fed Chair?

    His nomination represents a political compromise, as he's a regulation-cautious Republican who would likely keep up the policies of his Democratic predecessor.
    by Gillian B. White Nov 02, 2017 3 minutes
    Source: Andrew Harnik / AP / Katie Martin / The Atlantic

    Updated 4:45 p.m.

    On Thursday, Donald Trump announced that he will nominate Jerome Powell to be the next chair of the Federal Reserve board, an appointment that Trump has been for weeks. “We need strong, sound and steady leadership at the United States Federal Reserve,” the president said during a press conference on Thursday. “There are few more important positions than this.” If Powell is confirmed by the Senate, he will take office after the term of Janet Yellen, the current chair, expires in February.

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