Trump nominates Jerome Powell as Fed chair
As Fed governor, Powell has never issued votes of dissent against FOMC decisions
US president Donald Trump has nominated governor Jerome Powell as the new chair of the Board of Governors of the Federal Reserve System.
Trump unveiled his eagerly-awaited pick for the chair in a special ceremony at the White House today (November 2).
Powell’s nomination represents the first time in almost 40 years that a first-term president has not renewed the mandate of a sitting Fed chair (currently Janet Yellen). The last time this happened, Democrat president Jimmy Carter chose William
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