Administration official: Powell top candidate for Fed chair
WASHINGTON (AP) — Jerome "Jay" Powell, a member of the Federal Reserve's board, is President Donald Trump's leading candidate to replace Janet Yellen as the head of the nation's central bank, with an announcement planned for Thursday, according to senior administration officials.
One senior official said Monday that the announcement is planned for Thursday. Another said Powell is the president's top choice for the job but stressed that the decision still isn't final. The two officials spoke on condition of anonymity to discuss personnel matters that have yet to be announced.