{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Trump Nominates Jerome Powell as Fed Chairman' data-url='/boclips/videos/5c54d66cd8eafeecae203892' data-video-url='/boclips/videos/5c54d66cd8eafeecae203892' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nTrump Nominates Jerome Powell as Fed Chairman\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eFOR CLEAN VERSION SEE STORY NUMBER: apus086800                            President Donald Trump is choosing Federal Reserve board member Jerome Powell to become the next chair of the U.S. central bank.              In a Rose Garden...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eFOR CLEAN VERSION SEE STORY NUMBER: apus086800\u003cbr/\u003e              \u003cbr/\u003e              President Donald Trump is choosing Federal Reserve board member Jerome Powell to become the next chair of the U.S. central bank.\u003cbr/\u003e              In a Rose Garden announcement, Trump called Powell \"strong,\" \"committed\" and \"smart\" and said he has the \"wisdom and leadership\" to guide the U.S. economy through any challenges it may face.\u003cbr/\u003e              If confirmed by the Senate, Powell would succeed Janet Yellen when her term ends in February.\u003cbr/\u003e              Yellen is the first woman to lead the Federal Reserve; she'll also be the first Fed leader in decades to be denied a second term after completing a first.\u003cbr/\u003e              In his own remarks, Powell said the U.S. economy has made \"substantial progress\" since the 2008 financial crisis and the financial system is much stronger.   \u003cbr/\u003e              He said he will work to make sure the Fed stays \"vigilant and prepared to respond to changes\" in the market.\u003cbr/\u003e              Powell says the Federal Reserve understands that monetary decisions \"matter for American families\" as he awaits confirmation by the Senate.\u003cbr/\u003e              The 64-year-old Powell is seen as a safe choice. He supported the cautious approach to interest rate hikes that Yellen pursued during her tenure.\u003cbr/\u003e            \u003cbr/\u003e\u003cbr/\u003e              Washington, DC - 2 November 2017\u003cbr/\u003e              1. SOUNDBITE (English) Donald Trump, U.S. President:\u003cbr/\u003e              \"As president, there are few decisions more important than nominating leaders of integrity and good judgment to hold trusted positions in public office. And few of those trusted positions are more important than the Chairman of the Federal Reserve. Accordingly, it is my pleasure and my honor to announce my nomination of Jerome Powell to be the next Chairman of the Federal Reserve.\"\u003cbr/\u003e              2. SOUNDBITE (English) Donald Trump, U.S. President:\u003cbr/\u003e              \"If we are to sustain all of this tremendous economic progress, our economy requires sound monetary policy and prudent oversight of our banking system. That is why we need strong, sound and steady leadership at the United States Federal Reserve. I have nominated Jay to be our next federal Chairman and it's so important because he will provide exactly that type of leadership. He's strong, he's committed, he's smart. And if he is committed by the Senate, Jay will put his considerable talents and experience to work leading our nation's independent central bank. Thank you, thank you very much.\"\u003cbr/\u003e              ++WHITE FLASH BETWEEN SOUNDBITES++\u003cbr/\u003e              3. SOUNDBITE (English) Jerome Powell, Federal Reserve Chair Nominee:\u003cbr/\u003e              \"Inside the Federal Reserve, we understand that monetary policy decisions matter for American families and communities. I strongly share that sense of mission and I'm committed to making decisions with objectivity based on the best available evidence in the long standing tradition of monetary policy independence. Mr. President, thank you again for this extraordinary opportunity to serve the American people. Thank you.\"\u003cbr/\u003e              4. 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