Report: White House Has Told Powell He Will Be New Fed Chief 1 234 567

Report: White House Has Told Powell He Will Be New Fed Chief

voanews.com

President Trump appears to be a step closer to naming Jerome Powell as the new head of the U.S. central bank.Late Wednesday, The Wall Street Journal, citing unnamed sources, reported that White House officials have notified Powell that he will replace Federal Reserve Chair Janet Yellen when her term expires early next year.Trump is expected to announce his choice to head the bank on Thursday.Powell is already one of the Federal Reserve's governors.  Analysts say he is a...

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