Don’t miss the latest developments in business and finance.

Trump nominates Jerome Powell to head U.S. Federal Reserve

Image
Reuters WASHINGTON
Last Updated : Nov 03 2017 | 12:57 AM IST

WASHINGTON (Reuters) - President Donald Trump on Thursday tapped Federal Reserve Governor Jerome Powell to become head of the U.S. central bank, promoting a soft-spoken centrist to replace Janet Yellen when her term expires in February.

Powell, a Fed governor since 2012, emerged as Trump's choice from a slate of possible nominees that included Yellen as well as others who would have represented a sharp change in monetary policy.

(Reporting by Jeff Mason and Howard Schneider; Editing by David Chance)

Also Read

First Published: Nov 03 2017 | 12:46 AM IST

Next Story