A safe pair of hands at the Fed?

The process to confirm Donald Trump's nominee to the chair of the Federal Reserve, Jerome Powell, has got underway.

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Jerome Powell: Trump's choice for the Fed
(Image credit: 2017 Getty Images)

On Tuesday, the confirmation process for Donald Trump's nominee as chairman of the Federal Reserve, Jerome Powell, started on Capitol Hill. Powell will come under "a lot more scrutiny" as he moves towards the position at the head of the US central bank, which is "one of the most powerful posts in the global economy", says Heather Long in The Washington Post. He has been a governor at the Fed since 2012 and replaces Janet Yellen, whose four-year term ends in February.

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Emily Hohler
Politics editor

Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.

Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.