Monthly Archives: October 2017

Chairman Jerome Powell? President Trump Reportedly Plans to Take the Moderate Route

Reports in multiple media outlets today indicate that President Trump will nominate Jerome Powell, a sitting governor on the Federal Reserve Board of Governors, to replace current Chair Janet Yellen. As I wrote last week, Powell is the “moderate” choice between Yellen and Stanford University Professor John Taylor. Powell does not seem to have said […]

The Head of the Fed

President Trump has signaled that he is likely to replace Janet Yellen as Chair of the Federal Reserve Board of Governors. Beyond the fact that Yellen has been a champion for CDFIs, community development generally, and the Community Reinvestment Act (CRA), the President’s choice will deeply affect CDFIs and CDFI strategy. The two people the […]