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Trump names Jerome Powell as Federal Reserve chair

November 03, 1:37 UTC+3 WASHINGTON

Powell’s nomination must now be confirmed by the Senate

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WASHINGTON, November 2. /TASS/. US President Donald Trump has nominated Jerome Powell, a governor on the board of the Federal Reserve System, to chair the Fed. Trump announced his nominee to reporters gathered in the White House Rose Garden.

Powell’s nomination must now be confirmed by the Senate.

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