BREAKING NEWS

Trump nominates Jerome Powell to head US Federal Reserve

WASHINGTON, November 2 - President Donald Trump on Thursday tapped Federal Reserve Governor Jerome Powell to become head of the U.S. central bank, promoting a soft-spoken centrist to replace Janet Yellen when her term expires in February.
Powell, a Fed governor since 2012, emerged as Trump's choice from a slate of possible nominees that included Yellen as well as others who would have represented a sharp change in monetary policy.
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