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Tags: jerome powell | white house | federal reserve | fed

WSJ: Trump to Name Jay Powell Fed Chair

WSJ: Trump to Name Jay Powell Fed Chair
(Wiki)

Wednesday, 01 November 2017 04:46 PM

The White House has notified Federal Reserve Governor Jerome Powell that it will nominate him as the next chair of the central bank, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.

The Journal said that President Donald Trump had spoken with Powell on Tuesday, a second unnamed source familiar with the matter told the newspaper.

Trump had settled on Powell to replace the incumbent Janet Yellen by Saturday, the newspaper said. A formal announcement will come on Thursday.

Janet Yellen's term as Fed chair expires in February 2018.

Reached by phone Wednesday, both Mr. Powell and Fed Chairwoman Janet Yellen declined to comment. A Fed spokeswoman also declined to comment, according to the newspaper.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
The White House has notified Federal Reserve Governor Jerome Powell that it will nominate him as the next chair of the central bank, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.
jerome powell, white house, federal reserve, fed
120
2017-46-01
Wednesday, 01 November 2017 04:46 PM
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