Trump's change at Fed's helm is also a vote for continuity

At a time of turmoil in US politics and with uncertainty over the economy's future, President Trump tilted toward calm and continuity in one important arena this week by nominating Jerome Powell to head the Federal Reserve.

Mr. Powell is already a Fed governor and largely supportive of its current policy stance.

So the announcement is in effect a vote not to rock the boat at the institution charged with keeping the economy on a strong course, safeguarding it from financial crisis, and helping to set norms for central banks worldwide.