The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
November 2, 2017

Trump to Nominate Multimillionaire Banker Jerome Power to Chair Federal Reserve
-------------------------------------------------------------------------------

President Trump is expected to nominate Republican multimillionaire
Jerome Powell to be the next chair of the Federal Reserve. Power is a
former partner at the massive investment firm Carlyle Group, which is a
major investor in military contractors, as well as telecommunications,
fossil fuel companies, financial services and other industries. It would
be the first time in 40 years that someone who is not an
economist-Powell is a banker-would lead the Federal Reserve.


.