Trump picks Jerome Powell to replace Janet Yellen as Fed chair

Jerome Powell, the current Fed board governor and former private-equity executive, is US President Donald Trump's pick to replace Janet Yellen as the central bank's chair.
Powell will face key decisions, including honing consensus around whether to continue raising interest rates in a steady-growth but low-inflation environment.
He is seen as the safe bet, having already served on the Fed for 5 years. 
Janet Yellen's term ends in February. US President Donald Trump has named Jerome Po