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Donald Trump leaning towards Powell as next Fed chair

Trump has said he has been considering Powell, as well as Stanford University economist John Taylor, for the post


President Donald Trump is leaning towards nominating Federal Reserve Governor Jerome Powell to be the next head of the US central bank, two sources familiar with the matter said on Friday. The sources cautioned that while Powell had emerged as the leading candidate from a short list of five, Trump had not made a final decision and could always change his mind. “I will be announcing it sometime next week,” Trump said in a video statement on Instagram. “It will be a person who hopefully will do a fantastic job. I have someone very specific in mind and I think ...

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First Published: Sat, October 28 2017. 21:05 IST