Oct 19, 2017

Trump leaning towards Powell for Fed Chair

Andrew Harnik / AP

Politico reports that Jerome Powell, a current Federal Reserve governor, is the leading candidate to replace Janet Yellen as chairman of the Federal Reserve. Powell is backed by Treasury Secretary Steve Mnuchin.

Why it matters: Powell would align with White House deregulation efforts and has sided with Janet Yellen on continuing a slow pace of interest rate hikes, according to Reuters.

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