How Trump Wound Up Picking Jay Powell

President Trump nominated Jerome Powell as the new Fed chair, influenced by Treasury Secretary Steve Mnuchin. The nomination process began during the transition period and was finalized before Trump's trip to Asia. Powell, a lawyer with investment banking experience, has a bipartisan background and played a role in debt ceiling talks during Obama's presidency. Future Fed appointments are anticipated, with John Taylor as a potential vice chair candidate.

Who was influential in helping Jerome Powell secure the nomination for Federal Reserve Chair?

• Janet Yellen

• Steve Mnuchin

• Mike Pence

• John Taylor

Which economist is favored by Vice President Mike Pence for a position on the Federal Reserve Board?

• John Taylor

• Janet Yellen

• Jerome Powell

• Steve Mnuchin

What is notable about Jerome Powell's academic background?

• He is an economist by training.

• He has a background in law.

• He studied political science.

• He has a degree in finance.

In which policy center did Jerome Powell spend time, reflecting his bipartisan experience?

• The Federal Reserve

• The Republican National Committee

• The Treasury Department

• The Bipartisan Policy Center

During which presidency did Jerome Powell play a role in debt ceiling negotiations?

• President Obama's

• President Bush's

• President Clinton's

• President Trump's