Trump Expected to Name Powell Federal Reserve Chair
He rated his interest. President Trump is expected to replace Janet Yellen, the head of the nation’s central bank, with Republican and Federal Reserve Gov. Jerome Powell. Traditionally, presidents continue the tenure of capable Federal Reserve heads from previous administrations. But despite Trump lauding a booming U.S. economy under Yellen’s watch, the president’s used Twitter and Instagram to hype his management change. Powell, who is expected to sail through the confirmation process, agrees broadly with Yellen’s monetary policy and will likely be in favor of slowly raising interest rates.