FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT: “Economists surveyed by The Wall Street Journal this month expect that a Federal Reserve led by Jerome Powell would mean little change in monetary policy and a less aggressive approach to financial regulation.
Most survey respondents expect the Fed to raise short-term interest rates next month and lift them three times next year and twice in 2019, in quarter-percentage-point moves…
President Donald Trump last week nominated Mr. Powell, a Fed governor, to serve as the next central bank chairman after Janet Yellen’s term as chief expires in February.
Overall, economists expressed few qualms about Mr. Powell at the helm, with almost 96% saying he is qualified to lead the Fed. Mr. Powell, a lawyer, has worked at an investment bank, at the U.S. Treasury Department, as a partner in a private-equity firm and as a Fed governor since 2012…
If confirmed by the Senate, as is likely, Mr. Powell would be the first Fed leader in 30 years not to have a Ph.D. in economics, but the economists surveyed didn’t think that would be a drawback.”
-David Harrison, “Economists See Few Monetary Policy Changes With Powell Leading Fed,” The Wall Street Journal online, Nov. 9, 2017 10:03am