Jerome Powell, nominated yesterday by President Donald Trump to replace Janet Yellen as head of the Federal Reserve when her term ends in February, is a policy centrist likely to continue Yellen's cautious, pro-stimulus approach. He's set to be the first Fed chair in 40 years to not hold an economics PhD (he trained as a lawyer); he would be the richest central bank head ever, thanks to a successful career in investment banking and private equity; and he enjoys a modicum of bipartisan support. Read the original story from CBS News.