President Trump Nominates Jerome Powell as Federal Reserve Chair
President Donald Trump nominated Jerome Powell to succeed Janet Yellen as Federal Reserve Chair.
President Donald Trump nominated Jerome Powell to succeed Janet Yellen as Federal Reserve Chair.
The announcement was made Thursday.
Powell has served on the Federal Reserve Board of Governors since 2012 and formerly worked at private equity firm The Carlyle Group (CG) - Get Report .
The nomination requires Senate confirmation.
Yellen's term expires in Feb. 2014.
Watch More with TheStreet:
- Here Is Jim Cramer's Market Outlook for November
- Here's a Little Known Way to Make Money Off Amazon's Domination
- Ackman: ADP CEO's Job Loss Prediction is a "Scare Tactic"
- Video: Remembering the Worst Products Apple Ever Made
Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
