Trump likely to pick Jerome Powell as next Fed chair: source

by | Oct 30, 2017 | peopleNews

WASHINGTON (Reuters) - U.S. President Donald Trump is likely to pick Federal Reserve Governor Jerome Powell as the next chair of the U.S. central bank, a source familiar with the matter said on Monday.

FILE PHOTO: Jerome H. Powell, a governor on the board of the Federal Reserve System, prepares to testify to the Senate Banking Committee on Capitol Hill in Washington, U.S., June 22, 2017. REUTERS/Joshua Roberts/File Photo

An announcement on whom Trump will choose is expected on Thursday, a White House official said separately.

Reporting By Steve Holland; Editing by Chizu Nomiyama

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