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Trump Will Nominate Powell for Fed Chair Again

Jerome Powell

Jerome Powell

Photographer: Andrew Harrer/Bloomberg

President Donald Trump will nominate Jerome Powell again to serve as the chair of the Federal Reserve after the Senate adjourned Thursday without voting to confirm him, White House spokeswoman Natalie Strom said.

The White House must renominate people for the next session if their nominations weren’t handled in the previous one. The Wall Street Journal reported earlier Friday Trump’s intention to renominate Powell, as well as Marvin Goodfriend, who’s been nominated to serve on the Fed’s board of governors.