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Jerome Powell Gets the Nod From Trump

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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

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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