PRESIDENT TRUMP’S PICK AS NEW FEDERAL RESERVE CHAIRMAN: JEROME POWELL

By: Economic & Finance Report

President Donald J. Trump has chosen Mr. Jerome Powell to head the US Federal Reserve Bank. 

Mr. Powell is a member of the Federal Reserve Board, born in Washington DC and educated at Princeton University, with a law degree from Georgetown University.

He is a Republican and has extensive experience working within the Federal Reserve system and in the private sector, in investment banking. He has tended to be more moderate in voting on Federal Reserve monetary policies, and since becoming a Federal Reserve Governor, he has voted on every monetary policy bill that has been accounted for.

Mr. Powell will replace US Fed Chairwoman Janet Yellen in February 2018, when her four year term expires. -SB

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