Trump to Tap Jerome Powell as Next Fed Chairman
By Kate Davidson, Peter Nicholas and David Harrison
The White House has notified Federal Reserve governor Jerome Powell that President Donald Trump intends to nominate him as the next chairman of the central bank, according to a person familiar with the matter. The president spoke with Mr. Powell on Tuesday, according to another person familiar with the matter who couldn’t describe what they discussed. …Karen Petrou, managing partner of the financial-services consulting firm Federal Financial Analytics, said Mr. Powell’s recent remarks on regulation “were certainly much more flexible than [Ms. Yellen] has been.”