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U.S. PRESIDENT DONALD TRUMP left, and Jerome Powell, governor of the U.S. Federal Reserve and Trump's nominee as chairman of the Federal Reserve, walk out to a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. If approved by the Senate, the 64-year-old former Carlyle Group LP managing director and ex-Treasury undersecretary would succeed Fed Chair Janet Yellen. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Trump says he’ll nominate Jerome Powell to lead Federal Reserve

NEW YORK - President Donald Trump said Thursday he would nominate Jerome Powell to be the next Federal Reserve chairman, saying he had won the respect...
JAY POWELL, GOVERNOR of the U.S. Federal Reserve. / BLOOMBERG FILE PHOTO/T.J. KIRKPATRICK

Key U.S. bank regulators say they’re ready to soften rules

NEW YORK - Top U.S. banking regulators are sprinting to ease the Volcker Rule, stress tests and other constraints on Wall Street after the...

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