FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT: “President Donald Trump is likely to announce Federal Reserve governor Jerome Powell as his nominee to be the next chairman of the U.S. central bank next week, according to a person familiar with the matter.
The president hasn’t made a formal decision and could still change his mind, several people familiar with the matter said.
Mr. Trump said in a video released Friday he had ‘somebody very specific in mind’ for the post, and would announce his decision ‘sometime next week.’…
The day of the announcement is still unclear, and next week is a busy one for Fed officials and the president.
A Fed spokeswoman declined to comment.
The Fed’s policy-setting committee, on which Mr. Powell sits, will hold a two-day meeting Tuesday [10-31-17] and Wednesday, and Mr. Trump leaves for a trip to Asia first thing Friday morning, making a Thursday announcement possible.
If confirmed by the Senate, Mr. Powell would take the helm of the central bank in early February, when Chairwoman Janet Yellen’s four-year term expires.”
-Kate Davidson and Peter Nicholas, “Trump Likely to Name Jerome Powell Next Fed Chairman,” The Wall Street Journal online, Oct. 29, 2017 09:19pm