Jerome Powell Gets the Nod From Trump

November 3, 2017 Share Print 0

President Donald Trump has named Jerome Powell as his pick to lead the Federal Reserve.Mr Powell, a Republican and multi-millionaire, currently serves as a member of the bank’s board, to which he was appointed in 2012.He had been widely tipped as the top choice for more than a week.Analysts regard him as a status quo candidate, likely to continue the Fed’s current policies of gradually raising interest rates.

Source: Donald Trump nominates Jerome Powell as Fed chair – BBC News

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Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.