so this should make the dollar go up..why the fall?
Trump leaning toward Powell for Fed chair, officials say
Federal Reserve Governor Jerome Powell is the leading candidate to become the chair of the U.S. central bank after President Donald Trump concluded a series of meetings with five finalists Thursday, three administration officials said. The officials cautioned that Trump, who met with current Chair Janet Yellen for about half an hour on Thursday, has not made a final decision. Powell, known as Jay, has been heavily favored by Treasury Secretary Steven Mnuchin, who is leading the Fed chair search for Trump. Other finalists include former Fed Governor Kevin Warsh, Stanford economist John Taylor and National Economic ... (full story)