Trump Picks New Federal Reserve Chair, Jettisons Janet Yellen
WASHINGTON (Reuters) – President Trump on Thursday tapped Jerome Powell to become head of the U.S. Federal Reserve, promoting a soft-spoken centrist to replace Janet Yellen when her term expires in February 2018. Powell, appointed to the Fed board in 2012 by then-President Barack Obama, emerged as Trump’s choice from a five-person slate of possible…