Original article by Kate Davidson, Peter Nicholas
BBC.com – Page: Online : 3-Nov-17
US President Donald Trump has nominated Jerome Powell to succeed Janet Yellen as chair of the Federal Reserve. He is widely tipped to maintain the Federal Reserve’s current approach to tightening monetary policy, and financial market experts are generally supportive of the decision to select Powell over the other four candidates for the role, who included Yellen. Powell’s appointment must be confirmed by the Senate.
UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT