Trump is expected to name Jerome Powell as next Fed chairman..and did

https://www.nytimes.com/2017/10/30/us/politics/trump-fed-jerome-powell.htm l

President Trump is expected to nominate Jerome H. Powell as the next chairman of the Federal Reserve, replacing Janet L. Yellen, whose term expires early next year, according to two people familiar with the plans.

Mr. Powell, a Fed governor since 2012, is a Republican with deep roots in the party’s establishment and in the financial industry. He has steadily supported Ms. Yellen’s approach to monetary policy and financial regulation, creating an expectation that he would be unlikely to attempt large or sharp changes in the Fed’s course.

One White House official described Mr. Powell as a “safe” choice as well as the candidate who most closely fit Mr. Trump’s penchant for filling top jobs with characters from “central casting,” as he has often put it.

Both people familiar with the president’s thinking, who spoke on the condition of anonymity, cautioned that Mr. Trump was notoriously mercurial and liked creating drama around important personnel decisions. However, both said the president appeared set on Mr. Powell. An announcement could come as soon as Thursday, after the Fed wraps up a two-day policy meeting on Wednesday and before Mr. Trump leaves on Friday for a 12-day Asia trip.

The choice would cap an unusually public selection process, during which the president has openly discussed his views of various candidates, asked Republican senators to vote by raising their hands for those under consideration and sought the opinion of a television host. Mr. Trump also posted a video on Instagram promising “everybody will be very impressed” with his selection.

https://en.wikipedia.org/wiki/Jerome_H._Powell

———-

the curious thing here is that jerome isnt one of (((them)))..as far as i can tell..

possibly significant..

“One White House official described Mr. Powell as a “safe” choice as well as the candidate who most closely fit Mr. Trump’s penchant for filling top jobs with characters from “central casting,” as he has often put it.”

401

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~ by seeker401 on November 3, 2017.

3 Responses to “Trump is expected to name Jerome Powell as next Fed chairman..and did”

  1. No, he does not seem to be one of them…lol but….

    Jerome H. Powell will come to the chairman’s job at the Federal Reserve with a wide-ranging résumé. He has worked in investment banking, in law and in government as an under secretary in the Treasury Department. He would also be one of the wealthiest individuals to lead the Fed, thanks to his years in private equity.

    One thing he’s missing: He would be the first Fed chief in more than four decades who did not have an economics degree.

    A Washington Native Who Tried Law, Then Finance

    Mr. Powell, 64, was born in Washington, the son of a lawyer, and studied politics at Princeton University. He earned a law degree from Georgetown University, where he was editor in chief of the Georgetown Law Journal.

    After Bill Clinton took office in 1993, Mr. Powell joined Bankers Trust, but decided to leave a couple of years later after several clients suffered large losses as a result of derivative deals they did with the bank.

    In 1997, Mr. Powell became a partner at the Carlyle Group, the asset management firm, where he built his fortune; his 2016 financial disclosure form showed a net worth of as much as $55 million.

  2. Reblogged this on World4Justice : NOW! Lobby Forum..

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