Trump Announces Choice For New Fed Chair03:39
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In this Monday, Nov. 30, 2015, file photo, Gov. Jerome Powell attends a Board of Governors meeting at the Marriner S. Eccles Federal Reserve Board Building in Washington. Two senior administration officials said Thursday, Nov. 2, 2017, that Powell is President Donald Trump's choice to succeed Janet Yellen.(Andrew Harnik/AP)
In this Monday, Nov. 30, 2015, file photo, Gov. Jerome Powell attends a Board of Governors meeting at the Marriner S. Eccles Federal Reserve Board Building in Washington. Two senior administration officials said Thursday, Nov. 2, 2017, that Powell is President Donald Trump's choice to succeed Janet Yellen.(Andrew Harnik/AP)
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President Trump is expected to announce Jerome Powell as his choice for the next chairman of the Federal Reserve on Thursday afternoon. If confirmed by the Senate, Powell, a Fed governor, would succeed Janet Yellen, whose four-year term expires in February.

Here & Now's Jeremy Hobson speaks with Roben Farzad (@robenfarzad), who hosts "Full Disclosure" on NPR One.

This segment aired on November 2, 2017.

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