President Trump is expected to nominate a Federal Reserve Chair on Thursday. TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said he favors Jerome Powell for the job.

Powell is a member of the Federal Reserve Board of Governors and spent years at private equity firm The Carlyle Group (CG) . 

The term of current Chair Janet Yellen expires in February 2018. 

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Editors' Pick: Originally published on November 1, 2017.