Remind me again who appointed Powell as Fed Chair?
Trump Taps Jerome Powell As Next Fed Chair In Call For Continuity
Lauren Debter | Nov 02, 2017 | 05:13pm EDTPresident Trump named Jerome Powell, a former investment banker and private equity executive, as the next chair of the Federal Reserve on Thursday. Powell is widely seen as a known quantity who will lead the central bank in a similar manner as his predecessor Janet Yellen at a time when stocks have reached record highs and unemployment has fallen.
Trump made the announcement from the White House and put to end months of speculation over a change in leadership at the Fed. If Powell is confirmed by the Senate, he will replace current Fed chairwoman Yellen when her four-year term ends in February 2018.
"If we are to sustain all this tremendous economic growth, our economy requires sound monetary policy and prudent federal oversight over the banking system," said Trump. "That's why we need strong, sound and steady leadership at the U.S. Federal Reserve." . . .
https://www.forbes.com/sites/laurengensler/2017/11/02/trump-picks-federal-reserve-chair-jerome-powell/