The Presidential Daily Brief

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  1. jeome powell reported fed chair nominee federal reserve board photo

    Trump’s New Federal Reserve Choice Faces Rocky Shoals

    Is he changing horses mid-boom? President Trump has announced he’ll replace current chair Janet Yellen with another board member, multimillionaire Jerome Powell. While Trump described Yellen — who’s been targeted by Republicans — as “excellent,” he said he wasn’t tied to presidential tradition to retain her. Investors are encouraged by stability, though, so while Powell apparently supports Yellen’s policies of slowly braking an accelerating economy with modest interest hikes, any change could precipitate a bubble or leave little room to cope with unforeseen disasters.

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