In this 2015 photo, Federal Reserve Gov. Jerome Powell talks with others before a Board of Governors meeting at the Marriner S. Eccles Federal Reserve Board Building in Washington. (AP Photo/Andrew Harnik, File)

In this 2015 photo, Federal Reserve Gov. Jerome Powell talks with others before a Board of Governors meeting at the Marriner S. Eccles Federal Reserve Board Building in Washington. (AP Photo/Andrew Harnik, File)

Trump to announce Jerome Powell as next Fed chairman

Trump said he chose the Republican because it would allow him to put his own mark on the Fed.

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