Reports on Fed See all

The president of the U.S. and the new chief of the Fed talk with reporters in the White House’s Rose Garden

Jerome Powell: what kind of Fed leader will he be?

By choosing to elevate the uncontroversial Jerome Powell to chairman of the U.S. Federal Reserve, President Donald Trump has scored a rare bipartisan success. Mr. Powell lacks formal training in economics, though, and while he can be expected to sail smoothly on his predecessor’s course, it is hard to foresee if he can make an effective Fed leader in more challenging circumstances.

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