Reuters: U.S.

Sunday, October 29, 2017

News Alert: Powell is favorite as Trump nears Federal Reserve decision

 
 
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Powell is favorite as Trump nears Federal Reserve decision
President Trump is expected to announce his choice to lead the Federal Reserve as soon as this week, potentially reshaping U.S. monetary and financial regulatory policy.

Current Federal Reserve Board Chair Janet Yellen's term expires next February, and Trump has spoken highly of the incumbent since the president took office in January. 

But Republicans eager to break from Yellen's moderate monetary policy and defense of Dodd-Frank want to see Trump pick a more conservative candidate.
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