the white house nominates to rowen powell as the new fed chief. what will it mean for the markets? —— jerome fed chief. what will it mean for the markets? ——jerome powell. would you drink beer with bacteria that is meant to be good for you? we check out a new beer in town. welcome to asia business report, i am sharanjit leyl asia business report, i am sharanjit leyl. after weeks of speculation, the white house has announced its nomination for this man, jerome powell, to be the next chairman of the us federal reserve. his nomination needs to be confirmed by the senate. janet yellen‘s term expires in february. i asked our north american business correspondence what she knows about his pick. he is a former investment banker. he brings something that donald trump doubt —— touted in the rose garden. basically referencing the idea that he has some real world, job experience to bring to thejob. this ties into the job. this ties into the criticism. he wanted to see change at the federal reserve and it ties into complaints after the financial crisis. perhaps the federal reserve had gone too