Katie Lance
0
All posts from Katie Lance
Katie Lance in Economics & Politics,

White House has informed Powell he will be next Fed chief: report

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, the Wall Street Journal reported Wednesday, quoting a person familiar with the matter. President Donald Trump and Powell spoke by phone on Tuesday, according to another person, who could not describe what was discussed. White House officials have said Trump will make the formal announcement of a new Fed chair on Thursday.


Read the full story: What a Jerome Powell-led Fed may look like