Janet Yellen's final days as head of the Federal Reserve are at hand.
The Federal Open Market Committee, which sets monetary policy for the U.S. central bank, decided this week to select Jerome Powell as its new chairman effective Saturday. He will be officially sworn in Monday.
The move was a formality considering that Powell already has been confirmed by the Senate as the new Fed chair, but it does delineate how the handoff of power will occur.
After Trump made his choice of Powell public, Yellen said she would not stay on the FOMC.