FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT: “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, according to a person familiar with the matter, a move likely to combine continuity on interest-rate policy with perhaps a lighter touch on financial regulation.
If confirmed by the Senate, Mr. Powell would succeed Fed Chairwoman Janet Yellen, the central bank’s first female leader, whose four-year term as Fed chief expires in early February.
In his five years at the Fed, Mr. Powell has been a reliable ally of Ms. Yellen and would likely continue the Fed’s current cautious approach to reversing the central bank’s crisis-era stimulus policies as the economy expands…
Mr. Trump had settled on Mr. Powell by Saturday [10-28-17], but people familiar with the process had cautioned that he could change his mind. The president plans to formally announce the decision Thursday before he leaves for a trip to Asia on Friday.
Reached by phone Wednesday, both Mr. Powell and Ms. Yellen declined to comment. A Fed spokeswoman also declined to comment.”
-Kate Davidson, Peter Nicholas, and David Harrison, “Trump to Tap Jerome Powell as Next Fed Chairman,” The Wall Street Journal online, Nov. 1, 2017 07:10pm