Economics

Jerome Powell’s Views on U.S. Monetary Policy in His Own Words

Bloomberg’s Michael McKee reports on President Trump’s possibile appointment of Jerome Powell as the next Fed head.(Source: Bloomberg)

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By Steve Matthews, Matthew Boesler, and Jeanna Smialek

November 1, 2017 at 10:30 PM UTC

Updated on

November 1, 2017 at 10:50 PM UTC

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President Donald Trump is expected to nominate Federal Reserve Governor Jerome Powell to seize the reins of the central bank when Chair Janet Yellen’s term ends in February 2018, in a move that could alter monetary policy and the direction of America’s economy.

Trump plans to nominate Powell for the top banking job on Thursday, three people familiar with the decision said on Wednesday. Neither the White House, the Fed nor the candidate himself have confirmed the news, which was first reported by the Wall Street Journal.