Trump Is Expected to Name Jerome Powell as Next Fed Chairman<br />Richard Fisher, a former president of the Federal Reserve Bank of Dallas, who worked<br />with Mr. Powell at the Fed, said Mr. Powell “is neither a hawk nor a dove.”<br />“I used to say that we all want to be wise owls,” he added, “and I think that he fits that category very well.”<br />Mr. Fisher said Mr. Powell was moderate to a fault.<br />Jon Faust, a professor of economics at Johns Hopkins University who worked with Mr. Powell at the Fed, said<br />Mr. Powell had endeavored to understand monetary policy and had demonstrated a strong grasp of the subject.<br />Describing an effort already underway at the Fed, he said, “The whole idea is to preserve<br />the significant core reforms that were made but to go back and clean up our work.”<br />Mr. Powell would require Senate confirmation, and his views, particularly on regulation, could draw opposition<br />from some conservatives in the Senate, 21 of whom voted against his confirmation as a Fed governor in 2014.<br />At a Senate hearing in June, Mr. Powell agreed that there was room to improve regulation,<br />but he described the Trump administration’s proposals as a “mixed bag,” adding that he opposed some of the specific proposals.
