Powell Is Said to Be Trump's Pick as Fed Chair: WSJ

The transcript discusses Jerome Powell's potential appointment as the Federal Reserve Chair, comparing his monetary policy stance to that of Janet Yellen. It speculates on the timing of the announcement and its impact on markets, noting that Powell is seen as a continuation of Yellen's policies. The discussion also touches on the vacancies in the Federal Open Market Committee and the potential for further appointments. Market reactions are expected to be minimal due to the well-telegraphed nature of the decision.

What are the potential challenges the Federal Reserve may face in the upcoming months?

In what ways might the market react to the announcement of Jerome Powell as Fed chair?