Trump Ditches ‘Drain the Swamp’ Playbook for His Fed Picks
- Worries over disruptive nominees dissipate with Powell pick
- President plays it safe amid strong economy, bull market
How Trump Wound Up Picking Jay Powell
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President Donald Trump’s claim he’s “always been great with jobs” faces a real test as he continues to overhaul the leadership of the Federal Reserve.
But if Jerome Powell, his choice announced Nov. 2 to chair the central bank, is any indication of how he plans to fill other vacancies, the president is likely to play it safe in an attempt to preserve a booming stock market and the third-longest economic expansion in U.S. history.