The Fed kept interest rates unchanged left door open to a Dec. hike
Jerome Powell  a governor of the U.S. Federal Reserve  is currently favored by President Trump to be the next chairman of the Fed. (Photo: Bloomberg  Bloomberg via Getty Images)
More: Fed Governor Jerome Powell is likely to be  Trump 's pick as next Fed chief
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The Fed meeting occurred even while  President Trump  is planning significant changes in the central bankâs makeup.  Trump  on Thursday is expected to name Republican Fed Governor Jerome Powell as the next chairman. A centrist  Powell is likely to maintain Yellenâs cautious strategy of only gradual rate increases to avoid disrupting the recovery. But  he  may be more open to easing some regulations on banks than Yellen  a Democrat.
 Trump  is also expected to fill three more vacancies on the Fedâs board of governors in coming months.  He  recently appointed former Treasury official and private-equity investor Randy Quarles as the governor who will handle bank supervision. The board  along with regional Fed bank presidents  set interest-rate policy.
Jerome Powell  a governor of the U.S. Federal Reserve  is currently favored by  [TGT]  to be the next chairman of the Fed. (Photo: Bloomberg  Bloomberg via Getty Images)
More: Fed Governor Jerome Powell is likely to be   [TGT]  's pick as next Fed chief
More: Are you middle class enough to get a tax cut from   [TGT]  's plan?
The Fed meeting occurred even while   [TGT] is planning significant changes in the central bankâs makeup.   [TGT] on Thursday is expected to name Republican Fed Governor Jerome Powell as the next chairman. A centrist  Powell is likely to maintain Yellenâs cautious strategy of only gradual rate increases to avoid disrupting the recovery. But   [TGT]   may be more open to easing some regulations on banks than Yellen  a Democrat.
  [TGT] is also expected to fill three more vacancies on the Fedâs board of governors in coming months.   [TGT]   recently appointed former Treasury official and private-equity investor Randy Quarles as the governor who will handle bank supervision. The board  along with regional Fed bank presidents  set interest-rate policy.