Washington, November 3 (RHC)-- U.S. President Donald Trump has nominated 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.
According to reports from Washington, it is the first time in 40 years that someone who is not an economist -- Powell is a banker -- would lead the Federal Reserve.
Donald Trump Nominates Multimillionaire Banker Jerome Power to Chair Federal Reserve
Related Articles
Commentaries
MAKE A COMMENT
All fields requiredMore Views
- Venezuelan president highlights the historical struggle of Latin American peoples against global fascism
- Protesters in Poland demand Netanyahu's arrest, warning of an act of complicity with war crimes in Gaza
- ITU World Youth Summit to be held in Cuba
- Prime minister says Greenland does not want to be American or Danish
- Cuba falls to Croatian club on the way to Handball World Cup