Jerome Powell's term as US Federal Reserve chair ends in May, and his successor faces the challenge of establishing credibility despite political pressure

Jerome Powell's term as US Federal Reserve chair ends in May, and his successor faces the challenge of establishing credibility despite political pressure

 Jim WATSON, ANDREW CABALLERO-REYNOLDS

Federal Reserve chief Jerome Powell's successor could be named as soon as next week, President Donald Trump said Thursday, setting the stage for a major shift in the US central bank's leadership.

Powell's chairmanship ends in May, and the next chief will need to establish credibility despite political pressure, while walking a policy tightrope between curbing stubborn inflation and supporting a weakened jobs market.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.