Trump picks Powell as next Fed chair, policy continuity expected

U.S. President Donald Trump (L) and Federal Reserve Governor Jerome Powell arrive for a nomination ceremony at the rose garden of the White House in Washington D.C., the United States, on Nov. 2, 2017. U.S. President Donald Trump on Thursday announced his nomination of current Federal Reserve Governor Jerome Powell as the next head of the country's central bank. (Xinhua/Yin Bogu)