Powell Avoids Comment on Possible Successors as Trump Considers Next Fed Chair
U.S. Federal Reserve Chair Jerome Powell declined to discuss potential successors amid reports that former President Donald Trump is evaluating candidates for the central bank leadership.
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Terms & Concepts
Federal Reserve: The central banking system of the United States, responsible for monetary policy, financial stability, and regulation of banks.
Federal Reserve Chair: The head of the U.S. Federal Reserve, who oversees the central bank’s policies and operations and serves as its public representative.