Business

Trump's Fed pick, Jerome Powell, is likely to be tested early on interest rate policy

Under pressure from fresh allegations against his campaign team, US President Donald Trump is preparing to announce Fed governor Jerome Powell as his choice to replace Janet Yellen at the head of the central bank.

Source: Deutsche Welle

President Trump’s choice for the next Federal Reserve chief, Jerome H. Powell, likely will face an immediate test as stronger economic growth exerts greater pressure on the central bank to step up the pace of interest rate hikes.

All Sources: Los Angeles Times Deutsche Welle

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