| President Trump is expected to name Jerome H. Powell as the next chairman of the Federal Reserve, replacing Janet L. Yellen, the current chairwoman whose term expires early next year, according to two people familiar with the plans. |
| An announcement could come as soon as Thursday, ahead of the president’s 12-day trip to Asia. |
| Mr. Powell, a Fed governor since 2012, is a Republican with deep roots in the party’s establishment and in the financial industry. He has steadily supported the Fed’s current approach to monetary policy and financial regulation, creating an expectation that he would bring continuity to the role. |
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