federal reserve. accordingly, it is my pleasure and honor to announce my nomination of jerome powell to be the next chairman of the federal reserve. congratulations. mr. powell: thank you. [applause] pres. trump: he is joined by his wife and his two sisters, and i say congratulations to you all. please, take that bow, you deserve it. [applause] trump: thank you for being here. today is another important milestone on the past to restore economic opportunity for the american people. in just a short time, we have already made incredible strides. unemployment is at its lowest level in more than 16 years. you know that very well. you know that very well, you are happy about it. we have now had back-to-back quarters of 3% growth, a major accomplishment, and we are doing better and better every single week. but if we are to sustain all of this tremendous economic progress, our economy requires sound monetary policy and prudent oversight of our banking system. that is why we need strong, sound and steady leadership at the united states federal reserve. i have nominated jay to be our next federal chairman. it is so important because he will provide exactl

it is my pleasure to nominate jerome powell to be the next chairman of the federal reserve. congratulations. jay is joined here by his wife and his two sisters. congratulations to you all. take that bow. you deserve it. thank you very much for being here. today is another important milestone. in just a short time, we have already made incredible strides. unemployment is at its lowest level in more than 16 years. you know that very well. you are happy about it. we have had back to back quarters of 3% growth. we are doing better and better every single week. if we are to sustain all of this tremendous economic growth, our economy requires sound monetary policy and prudent oversight of our banking system. and is why we need strong steady leadership at the united states federal reserve. i have nominated jay to be our next federal reserve chairman. it is so important because he will provide exactly that type of leadership. he is strong and committed and smart. if he is confirmed by the senate, he will put his talents and experience to work, leading our nation's and dependent central-bank, which

and my honor to announce my nomination of jerome powell to be the next chairman of the federal reserve congratulations. to the news this u.s. president all trump has nominated general paul as the next chief of the federal reserve pollard publican will replace democrats janet yellen. and tassler stole still actually comically lace delivery of its new sedan and posts the largest. hello from berlin i'm funny for char and this is your business news general pollo who has been nominated as the next fed chief has generally supported the policies of janet yellen his predecessor and therefore is expected to remain cautious about raising interest rates too quickly. if trump had his way this man would head of the most influential central bank in the world jerome powell a former private equity executive has been sitting on the governing board of the federal reserve for years analysts expect him to hold on to the policies of his predecessor janet yellen that means he'll adopt a cautious approach to raising interest rates but the president's pick still has to be confirmed by the senate powers employment would be co

powell to be the next chairman of the federal reserve congratulations. to use this us president on trump as nominated general paul as the next chief of the federal reserve paul or republican will replace democrat janet yellen. and. told steele actually comical delivery of it down and post a lot just. from berlin i'm funny for char and this is your business news general paul who has been nominated as the next fed chief has generally supported the policies of janet yellen his predecessor and therefore is expected to remain cautious about raising interest rates too quickly. if trump had his way this man would head up the most influential central bank in the world jerome powell a former private equity executive has been sitting on the governing board of the federal reserve for years analysts expect him to hold on to the policies of his predecessor janet yellen that means he'll adopt a cautious approach to raise interest rates but the president's pick still has to be confirmed by the senate palin's appointment would be considered a good compromise when accepta

federal reserve. accordingly, it's my pleasure and my honor to announce my nomination of jerome powell to be the next chairman of the federal reserve. congratulations. [applause] jay is joined by his wife, lissa and his two sisters, monica and elizabeth. and i say congratulations to you all. please, take the bow. you deserve it. [applause] thank you for being here. today is another important milestone on the path to restoring economic opportunity for the american people. in just a short time, we have already made incredible strides. unemployment is at its lowest level in more than 16 years. you know that very well. you know that very well. you're happy about it. we've now had back-to-back quarters of 3% growth. a major accomplishment and we're doing better and better every single week. but if we are to sustain all of this tremendous economic progress, our economy requires sound monetary policy and prudent oversight of our banking system. that is why we need strong sound and steady leadership at the united states federal reserve. i have nominated jay to be our next federal chairman. so important because he will provide exactly that type of leadershi

in my honor to announce my nomination of jerome powell to be the next chairman of the federal reserve. congratulationspplause] the beginning, he will be close to where janet yellen was. he supported the monetary policy actions that janet had undertaken. the gradualist approach is one that is very natural to him. >> i'm committed to making decisions with objectivity based in the long-standing tradition of monetary policy independence. >> a think it would be a mistake to try to push jay powell around. he is pretty solid. he's been working hard to study. he's been around financial markets and policies since the early 1990's. part, hired by the jobs because he represents continuity. it suggests to me. president trump emphasized this, he also alluded to his private sector experience. his business acumen. the real world perspective. it could be a very unique perspective on financial stability concerns, which seems to be a mounting focus of the fed. with each new high in the stock market. he will be his own kind of fed chair. his business background will be something the most recent chairs have not had. i co

federal reserve. accordingly, it is my pleasure and my honor to announce my nomination of jerome powell to be the next chairman of the federal reserve. congratulations, jay. >> thank you, mr. president. thank you. [applause] >> jay is joined here by his wife lissa and two sisters, monica and elizabeth, and i say congratulations to you all. please, take that bow, please, you deserve it. [applause] thank you very much for being here. today is another important milestone on the path to restoring economic opportunity for the american people. in just a short time, we have already made incredible strides, unemployment is at its lowest level in more than 16 years. you know that very well. you know that very well. you're happy about it. we've now it back to back quarters of 3% growth, a major accomplishment and we're doing better and better every single week. but if we are to sustain all of this tremendous economic progress, our economy requires sound monetary policy and prudent oversight of our banking system. that is why we need strong sound and steady leadership at the united states federal reserve. i have nominated jay to be our next federal chairman, a

federal reserve. accordingly, it is my pleasure and my honor to announce my nomination of jer em poweome po be the next chairman of the federal reserve. congratulations. >> thank you. >> jay is joined here by his wife, lisa and two sisters monica and elizabeth and i say congratulations to you all. please, take that bow, please, you deserve it. thank you very much for being here. >> today is another important milestone on the path to restoring economic opportunity for the american people. in just a short time we have already made incredible strides. unemployment is at its lowest level in more than 16 years. you know that very well. you know that very well. you are happy about it. we have now had back to back quarters of 3% growth. a major accomplishment. and we are doing better and better every single week. but if we are to sustain all of this tremendous economic progress, our economy requires sound policy and prudent oversight of our banking system. that is why we need strong, sound and steady leadership at the united states federal reserve. i have nominated jay to be our next federal chairman. and it's so important because he will provide exactly th

federal reserve. accordingly, it is my pleasure and honor to announce my nomination of jerome powell to be the next chairman of the federal reserve. congratulations, jerome. j. is joined here by his wife lisa and two sisters monica and elizabeth, and i say congratulations to you all. please -- take that bow. please. you deserve it. thank you very much for being here. today is another important milestone on the path to restoring economic opportunity for the american people. in just a short time we have already made incredible strides. unemployment is at its lowest level in more than 16 years. you know that very well. you know that very well. and you're happy about it. we've now had back-to-back quarters of 3% growth, a major accomplishment, and we're doing better and better every single week. but if we are to sustain all of this tremendous economic progress, our economy requires sound monetary policy and prudent oversight of our banking system. that is why we need strong, sound and steady leadership at the united states federal reserve. i have nominated j. to be our next federal chairman, and so important, because he will provide exactly that type

federal reserve. accordingly, it is my pleasure and honour to announce my pleasure and honour to announce my nomination ofjerome powell to be the next chairman of the federal reserve. congratulations powell, after we told you it would be! good timing. we will talk a bit more about that. interest rates here in the uk have risen for the first time in more than a decade. the bank of england's monetary policy committee has risen the cost of borrowing from a quarter toa the cost of borrowing from a quarter to a half of percent. it means almost 4 million households will face higher mortgage payments after the rise, but long—awaited good news for savers who should get a modest lift their returns. it has been ten yea rs lift their returns. it has been ten years since the last rate rise, and we will look back at the fall it has taken. one of the first things you will notice about the iphone is it simple design. ican i canjust i can just about remember interest rate rises! with me is vicki price, and how do we seek the appointment ofjerome powell? he is himself in favour generally of a fairly easy monetary policy, perhaps not as easy as janet yellen, but certainly i think he would be listen

federal reserve. accordingly, it is my pleasure and my honor to announce my nomination of rome powell to be the -- jerome powell to be the next chairman of the federal reserve, congratulationslause] he is joined here by his wife lissa, and his two sisters, monica and elizabeth. i say congratulations to you all. please, take that bow, you deserve it. today is another important milestone on the path to restoring economic opportunity for the american people. in just a short time, we have already made incredible strides. unemployment is at its lowest level in more than 16 years. you know that very well. now had back-to-back quarters of 3% growth, a major accomplishment. we are doing better and better every single week. if we are to sustain all of this tremendous economic success, our economy requires sound monetary policy and prudent oversight of our banking system. that is why we need strong sound and steady leadership at the united states federal reserve. to be ourinated jay next federal german. it's so -- chairman. it's so important, because he will provide exactly that type of leadership. he's strong, committed, smart. if he is confirmed by the senate, he will put his consi

federal reserve. accordingly, it is my pleasure and my honor to announce my nomination of jerome powell to be the next chairman of the federal reserve. congratulations. >> thank you, mr. president. >> jay is joined here by his wife, lissa, and his two sisters, monica and elizabeth. and i say congratulations to you all. please, take that bow. please you deserve it thank you very much for being here today is another important milestone on the path to restoring economic opportunity for the american people. in just a short time, we have already made incredible strides. unemployment is at its lowest level in more than 16 years. you know that very well. you know that very well. you're happy about it. we've now had back-to-back quarters of 3% growth, a major accomplishment and we're doing better and better every single week but if we are to sustain all of this tremendous economic progress, our economy requires sound monetary policy and prudent oversight of our banking system that is why we need strong, sound and steady leadership at the united states federal reserve. i have nominated jay to be our next federal chairman and so important because he will prov

federal reserve system. governor powell, welcome and congratulations on your nomination. i see f

federal reserve chair. this administration is also broken with the tradition of trying to make the federal government more diverse. that said, those decisions government powell were not yours. i congratulate you on your nomination to be chair of the federal reserve of of. we got a good relationship you were nominated by president obama in 2012. i hope that will continue. you supported tougher rules for the nation's largest banks as the fed if omitted wall street reform. that we aret appreciative. as chair of the reserve bank, you worked for more diverse individuals in the top spots of the regional federal reserve banks on their boards after the feds workforce, much more needs to be done. there has been some progress. and you understand the importance of an independent central bank. you strongly opposed misguided congressional efforts to micromanage the fed and make other changes that undermined the ability of the fed to conduct its monetary policy. i hope you'll stick to those positions on these important matters and on others. but there are good reasons to be concerned. the current administration does not appear to value independence. in the judiciary, the fbi or the federal reserve. it

federal reserve system. the chairman system.ederal reserve governor powell, welcome and congratulations on your nomination. see friends and emily behind you and i welcome them here as well. governor powell has had an accomplished public and private career in financial services. he served as an assistant secretary and undersecretary secretary of the treasury under george h.w. bush, where he was responsible for policy on financial institutions and the treasury debt market among other areas. first-hand experience in investment banking and was a partner of the carlyle group before being appointed to serve on the board of governors and 2012. during his years of service and government and in the private sector, governor powell has proven he is qualified to lead the fed. if confirmed, he will plan a part role in striking the important balance the tweening need for a safe and sound financial system and the need to promote the vibrant, growing economy. of the past one year i've been encouraged to see federal regulators carefully and thoroughly violate current laws and regulations. governor powell has shared in the

federal reserve system. governor powell, welcome, and congratulations on your nomination. i see friends and family behind you and i welcome them here today as well. governor powell has had an accomplished public and private sector career in financial services. he served as an assistant secretary and under secretary of the treasury under george h w bush, where he was responsible for policy on financial institutions and the treasury debt market among other areas. the also has first-hand experience in investment banking , and was a partner at the carlyle group before being appointed to serve on the board of governors in 2012. during his years of service in government and the private sector, governor powell has proven he is qualified to lead the fed. if confirmed, he will play a role in striking the balance -- and the need to promote a vibrant economy. over the past year, i have been encouraged to see the federal relay dealers -- regulators thoroughly and carefully go over loss. governor powell has shared instances -- including the volcker rule, stress tests, and resolution pl

federal reserve chair. this administration has also broken with the tradition of trying to make the federal government more diverse. that said, those decisions, governor powell, were not yours. i congratulate you and your nomination. we have had a good working relationship since you were first nominated to be a member of the fed by president obama in 2012. you supported tougher rules for the nation's largest banks as the fed implemented wall street reform. you worked for more diverse individuals. much more needs to be done. there has been some progress. you understand the importance of an independent central bank. opposedngly misguided efforts to micromanage the fed and make other changes -- i hope you will stick to those positions on these important matters and on others. if there are good reasons to be concerned, the current administration does not appear to value independence in the judiciary, the fbi, or federal reserve. in an unprecedented the way the president has made comments about the current fed chair. the search for the fed chair often seemed like an episode of "the apprentice." i am concerned about the direction of financial reform under this current administration. while banks

federal reserve. thank you. gov. powell: thank you. i did give the ranking member attitude on the clock. >> i would encourage the rest of my colleagues to recognize the senator rounds. first,k you, congratulationsn your nomination. the first time we met when you are -- was when you are a visitor in washington. i appreciated your thoughts and comments, not only in federal policy, with regards to the budget, but i was very happy to see you had been appointed as a member of the federal reserve. i think the fact you have worked with chairman yellen and you have worked through issues with her, i think that speaks in terms of how you would handle and approach policy. i am curious. i was listening to your comments with regard to that, which senator crapo was visiting with the one -- with you on. one of the most common criticisms i have heard about our governments current regulatory structure is financial regulations are not written to the risk they are meant to mitigate. mnuchin secretary talked about it, saying bank regulations should be tailored to activity and not just the size of the institution. many of the recommendations on anditutions was discussed with respect to a number of regulations. earl

federal reserve chair. this administration has also broken with the tradition of trying to make the federal government more diverse. that said, those decisions, governor powell, were not yours. i congratulate you and your nomination to pea chair of the board. i hope that will continue. you supported tough rules for the nation's largest banks as the fed implemented wall street reform. for that we're appreciative. as chairman of the reserve bank affairs committee you worked to put more diverse individuals in the top spots of the banks on the their boards and throughout the fed work force much more needs to be done. and you understand the importance of an independent central bank. you strongly opposed misguided congressional efforts to micromanage the fed and manage and undermine the fed to conduct its monetary policy. i hope you'll stick to those positions on these important matters and on others. but there are good reasons to be concerned. the current administration does not appear to value independence. in the judiciary, the fbi or in the federal reserve. it's an unprecedented way the president has made comments about the fed chair and interest rates. the search for the fed chair too often

and my honor to announce my nomination of jerome powell to be the next chairman of the federal reserve congratulations. so the news is out u.s. president on trump is nominated general paul as the next chief of the federal reserve paul our republican will replace democrat janet yellen. and tousled stole steel actually comically laced delivery of its new sedan and posts the lot just want to leave lots. of hello from berlin i'm funny for char and this is your business news.

powell to be the next chairman of the federal reserve congratulations. to use this u.s. president on trampas nominated general paul as the next chief of the federal reserve paul our republican will replace democrat janet. and. told steele actually comic livery of it. and post. hello from berlin i'm funny for char and this is your business news general.