Trump Likely to Name Jerome Powell Next Fed Chairman



(From The Wall Street Journal)

The president hasn’t made a formal decision and could still change his mind, several people familiar with the matter said.

Mr. Trump said in a video released Friday he had “somebody very specific in mind” for the post, and would announce his decision “sometime next week.”

“It will be a person who hopefully will do a fantastic job,” Mr. Trump said in a video posted to Instagram, adding, “I think everybody will be very impressed.”

The day of the announcement is still unclear, and next week is a busy one for Fed officials and the president.

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Who is Jerome Powell?