There’s a huge difference between Janet Yellen and Trump’s pick to succeed her — and it helps explain how he landed the job
Business Insider -

Thomson Reuters

Fed nominee Jerome Powell appears to favor lighter-touch regulation of the financial sector.

This probably endearing him to Donald Trump, who ran for president with chants of repealing the post-crisis Dodd-Frank reforms.

Powell's statement that banks are no longer 'too big to fail' contradicts the view of many of his own fellow regulators — and Wall Street's own consensus. 

The country's three biggest banks together hold assets that amounts to more than one third the yearly...

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