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Jerome Powell

Trump nominates Federal Reserve Governor Jerome Powell to replace Janet Yellen as Fed chair. President Trump is tapping a Republican centrist who is likely to maintain the Fed's strategy of gradual interest rate hikes but may be open to easing some regulations on banks. He's expected to take the helm when Yellen's term ends in February, assuming he's confirmed by the Senate. Ref. USAToday.

Powell Jerome

Senate easily confirms Jerome Powell to be next Federal Reserve chairman. The Senate on Tuesday overwhelmingly voted to confirm Jerome H. Powell to be the next chairman of the Federal Reserve, allowing him to take over when Janet L. Yellen’s term expires early next month. Source 8s.

Jerome Powell History & Civil Business Politics

Trump 'now realizes' he can't fire Fed chair amid market meltdown. Although the president appoints Fed governors, the Fed is an independent agency and the governors can be fired only “for cause.” It’s unclear if Trump could remove Powell as chairman while he remains a governor. Source 7w.

Powell Jerome

Biden nominates Fed Chair Jerome Powell for second term at a critical juncture for the economy as inflation soars to 30-year high. The decision caps a weekslong race between Powell, a Republican, and Fed Governor Lael Brainard, a Democrat, for the nation’s top economic post. Source 5h.