Jon Faust, who served as a senior adviser to former Federal Reserve chiefs Janet Yellen and Ben Bernanke, has taken on a similar full-time role for Fed Chairman Jerome Powell, according to people familiar with the matter. Mr. Faust, a professor of economics at Johns Hopkins University, had returned to the Fed to advise Mr. Powell on a part-time basis earlier this year. He spent one day a week at the central bank until he completed his academic duties for the term.

Source: Wall Street Journal August 22, 2018 22:52 UTC