Trump nominates Powell to chair Fed

Source: Charlotte Observer

“President Donald Trump on Thursday announced his choice of Federal Reserve board member Jerome Powell to be the next chairman of the nation’s central bank, succeeding Janet Yellen, the first woman to hold the position. Trump made the announcement in a Rose Garden ceremony with Powell standing next to him. Trump said Powell had earned the ‘respect and admiration of his colleagues’ during his five years on the Fed’s seven-member board. Trump also praised Yellen, whom he decided not to nominate for a second term, as a ‘wonderful woman who has done a terrific job.'” (11/02/17)