Follow Naijacrux on twitter .follow us on Twitter www.twitter.com/naijacruxonline, or @naijacruxonline or search for naijacruxonline on twitter!!Like us on facebook .Like us at www.facebook.com/Naijacruxforum.Click Here To Last longer In Bed[Stay amused>>>Don’t be a one minute Foul]>>> Love need Tips-See how Here


Author Topic: Donald Trump Nominates Powell for US Federal Reserve Chairman  (Read 1267 times)

0 Members and 1 Guest are viewing this topic.

Offline punch

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1580
  • Karma: +0/-0
Donald Trump Nominates Powell for US Federal Reserve Chairman
« on: November 03, 2017, 12:27:43 AM »
Loading...

President Donald Trump has named moderate former investment manager Jerome Powell as the new head of the Federal Reserve Board, the U.S. central bank.

Introducing Powell Thursday at the White House Rose Garden, the president called it another milestone in bringing back a strong economy for the American people.

Powell has been on the Fed board of governors since 2012. Trump says he has the "wisdom and leadership" to guide the U.S. economy through any challenge it may face.

He praised Powell as a consensus builder and noted Powell always had strong bipartisan support in the Senate when he was nominated to the board of governors.

Powell was a former undersecretary of the treasury under Present George H. W. Bush, and Trump said he understands what it takes for the economy to grow.

Powell said he is honored and humbled to be nominated. He said if he wins Senate conformation, he will do everything in his power to stabilize prices and maximize employment.

Analysts call Powell a Republican centrist who appears inclined to continue the Fed’s strategy of gradually raising interest rates.

While Powell is expected to continue outgoing chair Janet Yellen's cautious approach to raising interest rates, economists say he might relax some of the financial rules designed to prevent another financial crisis like the one that caused chaos in the markets during the 2007-2008 recession.


 

 

President Trump to Give State of Union Address as Impeached President

Started by punch

Replies: 0
Views: 4843
Last post February 05, 2020, 10:56:18 AM
by punch
US Presidential Aspirant Trump released book?Crippled America' outshined rivals

Started by internet police

Replies: 0
Views: 1685
Last post November 04, 2015, 11:07:15 PM
by internet police
Hillary Clinton Warns Britain To Be Careful on Potential Trade Deal with Trump

Started by yungcrux

Replies: 0
Views: 1672
Last post October 16, 2017, 12:11:08 AM
by yungcrux
President Trump Hits India Commerce After Clinching N. American Trade Deal

Started by punch

Replies: 0
Views: 4022
Last post October 03, 2018, 01:14:56 PM
by punch
President Trump slams Border Wall Negotiations, calls it ‘A Waste of Time’

Started by gurusforum

Replies: 0
Views: 11745
Last post February 01, 2019, 02:19:53 PM
by gurusforum