Jerome H. Powell, nominated by President Trump to lead the Federal Reserve, plans to tell a Senate committee on Tuesday that he supports the Fed's efforts to maintain economic growth and to tighten regulation of the financial system, according to a copy of his prepared testimony.
Mr. Powell, who has played a role in the enforcement of those policies as a Fed governor since 2012, added that he saw room for improvement, including opportunities to reduce financial regulation.
The mention of the job market is a significant marker of Mr. Powell's views. Some conservatives contend that the Fed should focus solely on inflation and not worry about unemployment.
Mr. Powell also reiterated his support for the Fed's efforts to increase the strength of financial regulation in the aftermath of the 2008 financial crisis, creating some distance from the Trump administration, which has described those regulations as an ineffective impediment to growth.
Mr. Powell added, however, that he was open to changes that improved the current system.
"We will continue to consider appropriate ways to ease regulatory burdens while preserving core reforms — strong levels of capital and liquidity, stress testing, and resolution planning — so that banks can provide the credit to families and businesses necessary to sustain a prosperous economy," he said.
Mr. Powell, 64, joined the Fed in 2012. He is a lawyer by training and an investment banker by trade, with deep roots in the financial industry and the Republican Party. Since joining the Fed, he has voted consistently in support of the policies proposed by the current chairwoman, Janet L. Yellen, and her predecessor, Ben S. Bernanke. But Mr. Powell has sometimes expressed reservations about the extent of the Fed's efforts to revive economic growth and to restrain the financial industry, suggesting he would seek to moderate the central bank's current approach.
Mr. Trump nominated Mr. Powell this month, declining to appoint Ms. Yellen to a second term. Mr. Trump said he wanted to choose his own Fed chairman. Ms. Yellen has said she will step down as soon as her successor officially takes the post.
In his testimony, Mr. Powell praised both Ms. Yellen and Mr. Bernanke and added that he would resist political pressure.