President Donald Trump will pick Jerome "Jay" Powell to be the next Fed chair, The Wall Street Journal reported Wednesday, citing a source. The White House has notified Powell that it intends to nominate him, the WSJ reported, citing a person familiar with the matter. Figuring out who the administration would name to succeed current Fed Chair Janet Yellen has been one of Wall Street's favorite parlor games in recent weeks. Powell has long been seen as a front-runner along with former Fed board member Kevin Warsh, Stanford economist John Taylor and Yellen herself. Trump is slated to announce his decision on Thursday, ... (full story)